Point72 Asia Singapore Pte. Ltd. Acquires Shares of 11,364 CoreCivic, Inc. (NYSE:CXW)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in CoreCivic, Inc. (NYSE:CXW) during the third quarter, HoldingsChannel.com reports. The fund acquired 11,364 shares of the real estate investment trust’s stock, valued at approximately $144,000.

A number of other large investors also recently modified their holdings of the company. Verition Fund Management LLC increased its position in shares of CoreCivic by 129.9% in the 3rd quarter. Verition Fund Management LLC now owns 46,889 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 26,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CoreCivic by 47.2% in the 3rd 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 valued at $2,447,000 after purchasing an additional 62,022 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of CoreCivic by 365.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 153,519 shares of the real estate investment trust’s stock valued at $1,942,000 after purchasing an additional 120,517 shares during the last quarter. Quantbot Technologies LP increased its position in shares of CoreCivic by 1,448.6% in the 3rd quarter. Quantbot Technologies LP now owns 76,700 shares of the real estate investment trust’s stock valued at $970,000 after purchasing an additional 71,747 shares during the last quarter. Finally, FMR LLC increased its position in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after purchasing an additional 186,310 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CXW has been the topic of a number of recent analyst reports. Wedbush reissued a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research report on Friday, September 13th. Northland Securities increased their target price 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.

CoreCivic Trading Up 2.5 %

NYSE CXW opened at $21.88 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s fifty day moving average price is $16.88 and its 200 day moving average price is $14.68. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 32.66 and a beta of 1.02. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Garfinkle sold 50,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. This represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock valued at $2,490,520 in the last ninety days. Insiders own 2.21% of the company’s stock.

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.