Charles Schwab Investment Management Inc. Buys 35,591 Shares of CoreCivic, Inc. (NYSE:CXW)

Charles Schwab Investment Management Inc. increased its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,481,315 shares of the real estate investment trust’s stock after buying an additional 35,591 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CoreCivic were worth $31,389,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CXW. River Road Asset Management LLC raised its stake 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 worth $108,937,000 after acquiring an additional 40,365 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of CoreCivic by 85.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after purchasing an additional 185,075 shares in the last quarter. Resolute Capital Asset Partners LLC bought a new position in CoreCivic during the 2nd quarter valued at about $649,000. Dimensional Fund Advisors LP acquired a new position in CoreCivic in the second quarter valued at about $1,115,000. Finally, Courage Capital Management LLC boosted its position in CoreCivic by 15.4% in the second quarter. Courage Capital Management LLC now owns 393,491 shares of the real estate investment trust’s stock valued at $5,108,000 after buying an additional 52,491 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction 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 owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. 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. Corporate insiders own 2.21% of the company’s stock.

CoreCivic Trading Down 1.5 %

CXW stock opened at $21.32 on Wednesday. The business has a fifty day moving average price of $16.70 and a 200 day moving average price of $14.63. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 31.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CXW shares. Northland Securities boosted their price target 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. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th.

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.