Caprock Group LLC Makes New Investment in CoreCivic, Inc. (NYSE:CXW)

Caprock Group LLC acquired a new stake in CoreCivic, Inc. (NYSE:CXW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,142 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CoreCivic by 47.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock worth $2,447,000 after purchasing an additional 62,022 shares during the period. Barclays PLC increased its stake in CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 139,631 shares during the last quarter. River Road Asset Management LLC lifted its position in CoreCivic by 0.5% during the third 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 buying an additional 40,365 shares during the period. Algert Global LLC boosted its stake in CoreCivic by 348.2% in the 3rd quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 39,530 shares during the last quarter. Finally, EMC Capital Management increased its stake in shares of CoreCivic by 437.6% during the 4th quarter. EMC Capital Management now owns 17,333 shares of the real estate investment trust’s stock valued at $377,000 after acquiring an additional 14,109 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Activity at CoreCivic

In other news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the sale, the executive vice president now owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the transaction, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,000 shares of company stock worth $2,389,880. Company insiders own 1.89% of the company’s stock.

CoreCivic Stock Performance

CoreCivic stock opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 27.92 and a beta of 1.00. The stock’s 50-day moving average is $21.62 and its 200-day moving average is $17.15.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CXW shares. Wedbush raised shares of CoreCivic from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $30.00 in a research report on Tuesday, December 10th. 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 report on Friday, November 8th.

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.