Quarry LP Increases Holdings in CoreCivic, Inc. (NYSE:CXW)

Quarry LP grew its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 300.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,226 shares of the real estate investment trust’s stock after purchasing an additional 10,674 shares during the quarter. Quarry LP’s holdings in CoreCivic were worth $180,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. River Road Asset Management LLC increased its position in shares of CoreCivic by 0.5% during the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after purchasing an additional 40,365 shares during the last quarter. FMR LLC increased its position in shares of CoreCivic by 3.8% during 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. Charles Schwab Investment Management Inc. increased its position in shares of CoreCivic by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock valued at $31,389,000 after purchasing an additional 35,591 shares during the last quarter. abrdn plc increased its position in shares of CoreCivic by 8.7% during the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock valued at $13,047,000 after purchasing an additional 82,500 shares during the last quarter. Finally, Invenomic Capital Management LP increased its position in shares of CoreCivic by 28.7% during the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock valued at $12,980,000 after purchasing an additional 228,803 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,000 shares of company stock worth $2,490,520. 1.89% of the stock is owned by company insiders.

CoreCivic Stock Down 2.3 %

CXW stock opened at $21.37 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 31.90 and a beta of 1.02. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The stock has a fifty day moving average of $17.06 and a 200-day moving average of $14.73.

Analyst Ratings Changes

Several brokerages have recently issued reports on CXW. Wedbush reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th. Northland Securities increased their price target on 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.