Victory Capital Management Inc. Has $1.23 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Victory Capital Management Inc. cut its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,117 shares of the real estate investment trust’s stock after selling 8,791 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of CoreCivic worth $1,229,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in CoreCivic by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 804 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of CoreCivic by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 998 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of CoreCivic by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after acquiring an additional 1,401 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CoreCivic by 77.7% in the third 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 in the last quarter. Finally, Headlands Technologies LLC bought a new position in CoreCivic during the second quarter worth about $29,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Price Performance

Shares of CXW opened at $21.95 on Wednesday. The business has a 50-day moving average of $15.60 and a 200-day moving average of $14.34. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 32.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CXW shares. Northland Securities lifted 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 issued a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th.

Insiders Place Their Bets

In other news, CFO David Garfinkle sold 50,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of CoreCivic stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the transaction, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. This represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,000 shares of company stock worth $1,913,840. Corporate insiders own 1.89% of the company’s stock.

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.