Wellington Management Group LLP Purchases 19,706 Shares of CoreCivic, Inc. (NYSE:CXW)

Wellington Management Group LLP boosted its position in shares of CoreCivic, Inc. (NYSE:CXW) by 1.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059,925 shares of the real estate investment trust’s stock after buying an additional 19,706 shares during the period. Wellington Management Group LLP owned approximately 0.96% of CoreCivic worth $13,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CXW. Commonwealth Equity Services LLC lifted its stake in CoreCivic by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 804 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of CoreCivic by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock worth $1,033,000 after buying an additional 998 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of CoreCivic by 2.5% during 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 acquiring an additional 1,401 shares in the last quarter. GAMMA Investing LLC increased 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 worth $47,000 after purchasing an additional 1,632 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in CoreCivic by 13.7% in the third quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,877 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $21.88 on Friday. The company has a market cap of $2.41 billion, a P/E ratio of 32.66 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $15.00. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99.

Insiders Place Their Bets

In related news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of CoreCivic stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, the director now directly owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock worth $2,490,520. Corporate insiders own 1.89% of the company’s stock.

Analyst Upgrades and Downgrades

CXW has been the topic of several research reports. Wedbush upgraded CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th. 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 report on Friday, November 8th.

CoreCivic Company 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.