Thrivent Financial for Lutherans Trims Stock Position in CoreCivic, Inc. (NYSE:CXW)

Thrivent Financial for Lutherans lowered its stake in CoreCivic, Inc. (NYSE:CXW) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,594 shares of the real estate investment trust’s stock after selling 5,766 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of CoreCivic worth $1,095,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CXW. Headlands Technologies LLC acquired a new position in CoreCivic in the 2nd quarter valued at $29,000. nVerses Capital LLC purchased a new stake in shares of CoreCivic in the second quarter valued at about $40,000. GAMMA Investing LLC raised its holdings in CoreCivic by 77.7% during 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 in the last quarter. Innealta Capital LLC purchased a new position in CoreCivic during the second quarter worth about $87,000. Finally, Chesapeake Capital Corp IL acquired a new stake in CoreCivic in the third quarter valued at about $139,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

CXW has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th. Northland Securities upped their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

CoreCivic Trading Down 0.7 %

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

Insider Activity

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following 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 disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $2,490,520 over the last 90 days. 1.89% of the stock is currently owned by corporate insiders.

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.