Barclays PLC Raises Stock Position in CoreCivic, Inc. (NYSE:CXW)

Barclays PLC lifted its stake in CoreCivic, Inc. (NYSE:CXW) by 312.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 184,332 shares of the real estate investment trust’s stock after buying an additional 139,631 shares during the quarter. Barclays PLC’s holdings in CoreCivic were worth $2,331,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in CoreCivic in the second quarter worth about $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic during the second quarter valued at approximately $40,000. GAMMA Investing LLC grew its stake in CoreCivic by 77.7% in the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,632 shares during the period. Innealta Capital LLC bought a new position in CoreCivic in the second quarter worth $87,000. Finally, Chesapeake Capital Corp IL bought a new position in CoreCivic in the third quarter worth $139,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 2.3 %

CoreCivic stock opened at $21.64 on Thursday. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. 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 business’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $15.26. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 32.30 and a beta of 1.02.

Insider Buying and Selling

In related news, EVP Anthony L. Grande sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. This represents a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $2,490,520 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CXW shares. Wedbush raised shares of CoreCivic from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities boosted 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.

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.