Tidal Investments LLC Invests $139,000 in CoreCivic, Inc. (NYSE:CXW)

Tidal Investments LLC bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the real estate investment trust’s stock, valued at approximately $139,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in CoreCivic in the second quarter valued at $29,000. nVerses Capital LLC acquired a new stake in shares of CoreCivic in the 2nd quarter valued at about $40,000. GAMMA Investing LLC increased its position 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. Innealta Capital LLC acquired a new position in CoreCivic during the 2nd quarter worth approximately $87,000. Finally, Chesapeake Capital Corp IL acquired a new position in CoreCivic during the 3rd quarter worth approximately $139,000. 85.13% of the stock is owned by institutional investors.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $21.64 on Thursday. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $19.31 and a 200-day moving average price of $15.26. The company has a market cap of $2.39 billion, a PE ratio of 32.30 and a beta of 1.02.

Insider Activity at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of CoreCivic stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the transaction, the chief financial officer now owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This trade represents a 15.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the transaction, the director now directly owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This 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 sold 110,000 shares of company stock valued at $2,490,520. 2.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $30.00 in a research note on Tuesday, December 10th.

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.