CoreCivic, Inc. (NYSE:CXW) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in CoreCivic, Inc. (NYSE:CXW) by 25.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,686 shares of the real estate investment trust’s stock after purchasing an additional 953 shares during the period. GAMMA Investing LLC’s holdings in CoreCivic were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in CoreCivic in the 3rd quarter valued at about $139,000. Virtu Financial LLC acquired a new position in CoreCivic during the 3rd quarter worth approximately $236,000. Geode Capital Management LLC increased its position in CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. Barclays PLC increased its position in CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after purchasing an additional 139,631 shares during the period. Finally, National Bank of Canada FI increased its position in CoreCivic by 22.5% during the 3rd quarter. National Bank of Canada FI now owns 761,492 shares of the real estate investment trust’s stock worth $9,633,000 after purchasing an additional 140,000 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

Insider Buying and Selling

In related news, CFO David Garfinkle sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. This represents a 15.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $2,389,880 in the last quarter. Company insiders own 2.21% of the company’s stock.

CoreCivic Stock Performance

CXW opened at $22.08 on Friday. The stock has a market cap of $2.43 billion, a P/E ratio of 32.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $16.05. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99.

Wall Street Analyst Weigh In

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

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.