Verition Fund Management LLC Has $593,000 Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Verition Fund Management LLC increased its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 129.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,889 shares of the real estate investment trust’s stock after buying an additional 26,491 shares during the period. Verition Fund Management LLC’s holdings in CoreCivic were worth $593,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of CoreCivic by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 804 shares during the period. SummerHaven Investment Management LLC boosted its stake in CoreCivic by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock valued at $1,033,000 after purchasing an additional 998 shares during the period. The Manufacturers Life Insurance Company grew its holdings in CoreCivic by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after buying an additional 1,401 shares in the last quarter. GAMMA Investing LLC grew its holdings in CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,632 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in CoreCivic during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Northland Securities upped their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $30.00 in a research report on Tuesday.

CoreCivic Stock Performance

NYSE:CXW opened at $22.25 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 33.21 and a beta of 1.02. The stock has a fifty day moving average price of $17.62 and a 200-day moving average price of $14.86.

Insider Buying and Selling

In other news, Director Anne L. Mariucci sold 10,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. The trade was a 8.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the sale, the chief financial officer now directly owns 276,528 shares in the company, valued at $6,691,977.60. This trade represents a 15.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock valued at $2,490,520 over the last quarter. 2.21% of the stock is owned by company insiders.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.