Tandem Financial LLC Purchases Shares of 26,365 CoreCivic, Inc. (NYSE:CXW)

Tandem Financial LLC purchased a new stake in shares of CoreCivic, Inc. (NYSE:CXW) during the fourth quarter, Holdings Channel reports. The firm purchased 26,365 shares of the real estate investment trust’s stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CXW. Dimensional Fund Advisors LP purchased a new stake in shares of CoreCivic in the 2nd quarter worth approximately $1,115,000. The Manufacturers Life Insurance Company grew its stake in shares of CoreCivic by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 1,401 shares during the period. Algert Global LLC purchased a new position in shares of CoreCivic during the 2nd quarter worth $147,000. GAMMA Investing LLC grew its holdings in CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,632 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in CoreCivic by 25.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 55,862 shares of the real estate investment trust’s stock worth $707,000 after acquiring an additional 11,332 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Price Performance

NYSE CXW opened at $18.70 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 cap of $2.06 billion, a PE ratio of 27.92 and a beta of 1.00. The firm’s 50 day moving average price is $21.62 and its 200-day moving average price is $17.15. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and raised their price target for the company from $19.00 to $30.00 in a report on Tuesday, December 10th. Northland Securities increased their price objective 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.

Insider Activity

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the stock in a transaction dated 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 directly owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. This trade represents a 15.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne L. Mariucci sold 10,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now directly owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. This trade represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock worth $2,389,880. 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.