KBC Group NV Purchases 1,995 Shares of CoreCivic, Inc. (NYSE:CXW)

KBC Group NV lifted its stake in CoreCivic, Inc. (NYSE:CXW) by 57.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,477 shares of the real estate investment trust’s stock after acquiring an additional 1,995 shares during the quarter. KBC Group NV’s holdings in CoreCivic were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CoreCivic by 47.2% during the third 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 lifted its stake in shares of CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 139,631 shares during the last quarter. River Road Asset Management LLC grew its position in shares of CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after purchasing an additional 40,365 shares during the last quarter. Algert Global LLC increased its stake in shares of CoreCivic by 348.2% during the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 39,530 shares during the period. Finally, FMR LLC boosted its position in shares of CoreCivic by 3.8% in 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 acquiring an additional 186,310 shares during the period. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $18.39 on Friday. The company’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $17.16. 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 1 year low of $10.74 and a 1 year high of $24.99. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 27.45 and a beta of 1.00.

Insider Activity at CoreCivic

In other 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 sale, the chief financial officer now directly owns 276,528 shares in the company, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, 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. Insiders have sold 102,000 shares of company stock valued at $2,389,880 over the last ninety days. 2.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CXW has been the subject of a number of analyst reports. 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 research report on Friday, November 8th. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $30.00 in a report on Tuesday, December 10th.

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.