CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in CoreCivic, Inc. (NYSE:CXW) by 1,448.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,700 shares of the real estate investment trust’s stock after acquiring an additional 71,747 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of CoreCivic worth $970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in CoreCivic during the 2nd quarter worth $6,818,000. SG Americas Securities LLC boosted its stake in shares of CoreCivic by 1,740.4% during the third quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock worth $3,733,000 after buying an additional 279,095 shares during the period. FMR LLC grew its holdings in shares of CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after buying an additional 186,310 shares during the last quarter. Nisa Investment Advisors LLC increased its position in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after acquiring an additional 185,075 shares during the period. Finally, Marshall Wace LLP raised its stake in CoreCivic by 102.2% during the 2nd quarter. Marshall Wace LLP now owns 213,880 shares of the real estate investment trust’s stock valued at $2,776,000 after acquiring an additional 108,079 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities lifted their price objective 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.

Insider Activity

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated 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 directly owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. This trade represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the sale, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock valued at $2,490,520 in the last three months. 1.89% of the stock is currently owned by company insiders.

CoreCivic Price Performance

Shares of CXW opened at $22.33 on Monday. 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 stock’s 50 day moving average is $16.36 and its two-hundred day moving average is $14.54. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The firm has a market capitalization of $2.46 billion, a PE ratio of 33.33 and a beta of 0.86.

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.