CoreCivic, Inc. (NYSE:CXW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of CoreCivic, Inc. (NYSE:CXW) by 51.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,094 shares of the real estate investment trust’s stock after selling 153,037 shares during the quarter. SG Americas Securities LLC owned about 0.13% of CoreCivic worth $3,089,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 1,632 shares during the last quarter. nVerses Capital LLC increased its stake in CoreCivic by 177.4% during the third quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 5,500 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of CoreCivic during the third quarter worth $139,000. Tidal Investments LLC bought a new position in shares of CoreCivic in the 3rd quarter worth about $139,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CoreCivic in the 3rd quarter valued at about $144,000. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other CoreCivic news, Director Anne L. Mariucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. This trade represents a 8.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the company’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 of the company’s stock, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock worth $2,389,880. 1.89% of the stock is owned by company insiders.

CoreCivic Stock Performance

CXW opened at $21.22 on Friday. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The stock has a market cap of $2.34 billion, a PE ratio of 31.68 and a beta of 1.01. The business’s 50 day moving average is $21.90 and its 200-day moving average is $16.81. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66.

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.