CoreCivic, Inc. (NYSE:CXW) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in CoreCivic, Inc. (NYSE:CXW) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,481,315 shares of the real estate investment trust’s stock after acquiring an additional 35,591 shares during the period. Charles Schwab Investment Management Inc. owned 2.25% of CoreCivic worth $31,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CXW. Headlands Technologies LLC acquired a new stake in shares of CoreCivic in the 2nd quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic in the 2nd quarter worth approximately $40,000. GAMMA Investing LLC raised its holdings in shares of CoreCivic by 77.7% in the 3rd 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 acquired a new stake in shares of CoreCivic during the second quarter valued at approximately $87,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of CoreCivic during the third quarter valued at approximately $139,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CoreCivic news, Director Anne L. Mariucci sold 10,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the director now directly owns 101,936 shares of the company’s stock, valued at $2,446,464. This represents a 8.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the transaction, the chief financial officer now owns 276,528 shares in the company, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,000 shares of company stock valued at $2,490,520. Company insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports 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 report on Friday, November 8th. Wedbush reissued a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

CoreCivic Price Performance

NYSE CXW opened at $21.32 on Wednesday. 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 company has a fifty day simple moving average of $16.70 and a 200 day simple moving average of $14.63. The company has a market cap of $2.35 billion, a P/E ratio of 31.82 and a beta of 1.02. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

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.