11,000 Shares in CoreCivic, Inc. (NYSE:CXW) Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new position in CoreCivic, Inc. (NYSE:CXW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,000 shares of the real estate investment trust’s stock, valued at approximately $139,000.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in CoreCivic in the 2nd quarter worth $29,000. nVerses Capital LLC purchased a new stake in CoreCivic in the 2nd quarter worth $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. EntryPoint Capital LLC purchased a new stake in CoreCivic in the 1st quarter worth $84,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in CoreCivic in the 1st quarter worth $87,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Down 0.3 %

Shares of NYSE CXW opened at $21.36 on Monday. The firm’s 50-day moving average price is $14.56 and its 200-day moving average price is $14.07. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 31.88 and a beta of 0.86. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99.

Insider Activity

In other news, CFO David Garfinkle sold 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $13.60, for a total transaction of $340,000.00. Following the sale, the chief financial officer now directly owns 326,528 shares in the company, valued at approximately $4,440,780.80. This represents a 7.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne L. Mariucci sold 10,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now owns 101,936 shares in the company, valued at $2,446,464. This represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,000 shares of company stock worth $2,094,790. 1.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CXW has been the topic of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities boosted their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.