HighTower Advisors LLC Purchases 1,877 Shares of CoreCivic, Inc. (NYSE:CXW)

HighTower Advisors LLC increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 13.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,549 shares of the real estate investment trust’s stock after buying an additional 1,877 shares during the period. HighTower Advisors LLC’s holdings in CoreCivic were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in CoreCivic by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 804 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of CoreCivic by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 1,401 shares in the last quarter. GAMMA Investing LLC grew its stake 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 during the period. Headlands Technologies LLC bought a new stake in CoreCivic in the second quarter worth approximately $29,000. Finally, Hourglass Capital LLC lifted its stake in CoreCivic by 2.1% in the third quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 2,490 shares during the period. Institutional investors own 85.13% of the company’s stock.

Insider Activity at CoreCivic

In related news, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the transaction, the director now owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the business’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 value of $100,640.00. Following the sale, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 110,000 shares of company stock valued at $2,490,520. 2.21% of the stock is owned by company insiders.

CoreCivic Trading Up 2.3 %

Shares of CoreCivic stock opened at $21.64 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The stock has a 50 day moving average price of $19.31 and a two-hundred day moving average price of $15.26. The stock has a market capitalization of $2.39 billion, a PE ratio of 32.30 and a beta of 1.02.

Wall Street Analyst Weigh In

Several analysts have recently commented on CXW shares. Northland Securities raised their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush raised shares of CoreCivic from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $30.00 in a research note on Tuesday, December 10th.

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.