CoreCivic, Inc. (NYSE:CXW) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its stake in CoreCivic, Inc. (NYSE:CXW) by 59.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,533 shares of the real estate investment trust’s stock after selling 83,745 shares during the quarter. Martingale Asset Management L P owned about 0.05% of CoreCivic worth $728,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in CoreCivic by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 214,736 shares of the real estate investment trust’s stock valued at $3,353,000 after purchasing an additional 5,547 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of CoreCivic by 79.3% during the second quarter. SG Americas Securities LLC now owns 16,036 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 7,094 shares during the period. Wedge Capital Management L L P NC boosted its position in CoreCivic by 21.8% during the second quarter. Wedge Capital Management L L P NC now owns 97,309 shares of the real estate investment trust’s stock worth $1,263,000 after acquiring an additional 17,385 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in CoreCivic by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 998 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Down 3.1 %

Shares of CXW opened at $21.64 on Tuesday. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company’s fifty day moving average is $16.53 and its two-hundred day moving average is $14.59. The firm has a market cap of $2.39 billion, a PE ratio of 32.30 and a beta of 0.86. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders have sold 110,000 shares of company stock worth $2,490,520. 1.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CXW shares. Northland Securities raised their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

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.