Victory Capital Management Inc. Sells 8,791 Shares of CoreCivic, Inc. (NYSE:CXW)

Victory Capital Management Inc. decreased its stake in CoreCivic, Inc. (NYSE:CXW) by 8.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 97,117 shares of the real estate investment trust’s stock after selling 8,791 shares during the quarter. Victory Capital Management Inc.’s holdings in CoreCivic were worth $1,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CXW. CANADA LIFE ASSURANCE Co grew its holdings in shares of CoreCivic by 8.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 103,894 shares of the real estate investment trust’s stock worth $1,619,000 after purchasing an additional 7,828 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of CoreCivic by 2.7% in the first 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 acquiring an additional 5,547 shares during the period. SG Americas Securities LLC increased its position in shares of CoreCivic by 79.3% in 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 acquiring an additional 7,094 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of 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 valued at $1,263,000 after acquiring an additional 17,385 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 185,075 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

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

CoreCivic Trading Down 0.1 %

CXW stock opened at $21.95 on Wednesday. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The business has a 50 day simple moving average of $15.60 and a two-hundred day simple moving average of $14.34. 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 company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 32.48 and a beta of 0.86.

Insider Activity

In other news, 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 sale, the director now owns 101,936 shares in the company, valued at approximately $2,446,464. The trade was a 8.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now directly owns 276,528 shares in the company, valued at $6,691,977.60. This trade represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,000 shares of company stock valued at $1,913,840 in the last ninety days. Insiders own 1.89% of the company’s stock.

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.