Barclays PLC Buys 139,631 Shares of CoreCivic, Inc. (NYSE:CXW)

Barclays PLC boosted its stake in CoreCivic, Inc. (NYSE:CXW) by 312.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,332 shares of the real estate investment trust’s stock after purchasing an additional 139,631 shares during the quarter. Barclays PLC owned about 0.17% of CoreCivic worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. River Road Asset Management LLC lifted its holdings in shares of CoreCivic by 0.5% during the 3rd 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 during the last quarter. FMR LLC raised its position in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after purchasing an additional 186,310 shares in the last quarter. State Street Corp raised its position in CoreCivic by 0.4% during the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after purchasing an additional 35,591 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of CoreCivic by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust’s stock worth $13,408,000 after purchasing an additional 19,706 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 2.3 %

NYSE CXW opened at $21.64 on Thursday. The stock has a 50-day moving average of $19.31 and a 200-day moving average of $15.26. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The firm has a market cap of $2.39 billion, a PE ratio of 32.30 and a beta of 1.02.

Insider Buying and Selling at CoreCivic

In related news, 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 $6,691,977.60. The trade was a 15.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. The trade was a 3.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,000 shares of company stock worth $2,490,520. 2.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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