Mutual of America Capital Management LLC Cuts Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Mutual of America Capital Management LLC decreased its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 9.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,586 shares of the real estate investment trust’s stock after selling 1,701 shares during the period. Mutual of America Capital Management LLC’s holdings in CoreCivic were worth $210,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in CoreCivic in the second quarter worth $29,000. nVerses Capital LLC purchased a new position in CoreCivic in the second quarter worth $40,000. GAMMA Investing LLC boosted its position in CoreCivic by 77.7% in the third 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 during the last quarter. Innealta Capital LLC purchased a new position in CoreCivic in the second quarter worth $87,000. Finally, Algert Global LLC purchased a new position in CoreCivic in the second quarter worth $147,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW opened at $22.33 on Friday. The firm has a market cap of $2.46 billion, a PE ratio of 33.33 and a beta of 0.86. The stock’s fifty day moving average price is $16.36 and its two-hundred day moving average price is $14.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

Insider Buying and Selling at CoreCivic

In related news, Director Anne L. Mariucci sold 10,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now directly 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, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $2,490,520 over the last ninety days. 1.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush reissued a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research report on Friday, September 13th.

CoreCivic Company 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.