State Street Corp Raises Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

State Street Corp lifted its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,200,268 shares of the real estate investment trust’s stock after acquiring an additional 18,415 shares during the quarter. State Street Corp owned 3.81% of CoreCivic worth $53,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in CoreCivic in the second quarter valued at approximately $29,000. nVerses Capital LLC purchased a new position in CoreCivic during the second quarter valued at approximately $40,000. GAMMA Investing LLC lifted its stake in CoreCivic by 77.7% in the 3rd 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 in the last quarter. Innealta Capital LLC bought a new position in CoreCivic in the 2nd quarter valued at $87,000. Finally, Chesapeake Capital Corp IL purchased a new position in shares of CoreCivic during the 3rd quarter valued at $139,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Stock Down 4.0 %

CXW opened at $20.53 on Thursday. 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 business’s fifty day simple moving average is $18.53 and its 200 day simple moving average is $15.08. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The stock has a market cap of $2.26 billion, a PE ratio of 30.64 and a beta of 1.02.

Insider Activity at CoreCivic

In other news, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock valued at $2,490,520. Corporate insiders own 1.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Northland Securities boosted their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $30.00 in a report 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.