CoreCivic, Inc. (NYSE:CXW) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,570,005 shares of the real estate investment trust’s stock after buying an additional 18,410 shares during the period. Geode Capital Management LLC’s holdings in CoreCivic were worth $32,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. River Road Asset Management LLC raised its position in CoreCivic by 0.5% during the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after acquiring an additional 40,365 shares in the last quarter. FMR LLC grew its stake in shares of CoreCivic by 3.8% during the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after purchasing an additional 186,310 shares during the period. State Street Corp increased its holdings in shares of CoreCivic by 0.4% during the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock valued at $31,389,000 after purchasing an additional 35,591 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in CoreCivic by 1.9% during the third quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust’s stock worth $13,408,000 after buying an additional 19,706 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CXW has been the subject of a number of analyst reports. Northland Securities upped their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th.

CoreCivic Stock Performance

CXW opened at $21.64 on Thursday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 32.30 and a beta of 1.02. The firm’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $15.26. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now directly owns 127,380 shares in the company, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the transaction, the executive vice president now owns 207,847 shares in the company, valued at $2,614,715.26. The trade was a 3.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock valued at $2,490,520. 2.21% of the stock is owned by corporate insiders.

About CoreCivic

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.