Amalgamated Bank Sells 1,235 Shares of CoreCivic, Inc. (NYSE:CXW)

Amalgamated Bank trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,881 shares of the real estate investment trust’s stock after selling 1,235 shares during the quarter. Amalgamated Bank’s holdings in CoreCivic were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CXW. Headlands Technologies LLC purchased a new stake in shares of CoreCivic in the 2nd quarter worth about $29,000. nVerses Capital LLC purchased a new stake in CoreCivic in the second quarter worth about $40,000. GAMMA Investing LLC increased its stake in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,632 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of CoreCivic during the first quarter valued at approximately $84,000. Finally, Innealta Capital LLC bought a new stake in shares of CoreCivic in the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Northland Securities raised their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush reissued a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

Insiders Place Their Bets

In other news, Director Anne L. Mariucci sold 10,000 shares of CoreCivic stock in a transaction that occurred 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 in the company, valued at $2,446,464. The trade was a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 276,528 shares in the company, valued at $6,691,977.60. This represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,000 shares of company stock valued at $2,094,790. Corporate insiders own 1.89% of the company’s stock.

CoreCivic Price Performance

Shares of CXW opened at $21.36 on Friday. The company has a market capitalization of $2.36 billion, a P/E ratio of 31.88 and a beta of 0.86. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $14.56 and a 200 day moving average of $14.08.

About CoreCivic

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.