CoreCivic, Inc. (NYSE:CXW) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in CoreCivic, Inc. (NYSE:CXW) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 86,594 shares of the real estate investment trust’s stock after selling 5,766 shares during the period. Thrivent Financial for Lutherans’ holdings in CoreCivic were worth $1,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of CoreCivic during the 2nd quarter worth about $29,000. nVerses Capital LLC acquired a new position in CoreCivic during the second quarter worth approximately $40,000. GAMMA Investing LLC raised its stake 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 worth $47,000 after purchasing an additional 1,632 shares during the period. Innealta Capital LLC acquired a new position in shares of CoreCivic in the 2nd quarter valued at $87,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of CoreCivic during the 3rd quarter valued at $139,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Price Performance

CoreCivic stock opened at $22.33 on Monday. The firm has a fifty day moving average of $16.36 and a 200-day moving average of $14.54. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.46 billion, a P/E ratio of 33.33 and a beta of 0.86.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, 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 transaction of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne L. Mariucci sold 10,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now owns 101,936 shares of the company’s stock, valued at $2,446,464. This trade represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,000 shares of company stock valued at $2,490,520. Company insiders own 1.89% of the company’s stock.

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.