BNP Paribas Financial Markets Purchases 120,517 Shares of CoreCivic, Inc. (NYSE:CXW)

BNP Paribas Financial Markets grew its holdings in CoreCivic, Inc. (NYSE:CXW) by 365.2% during the third quarter, HoldingsChannel.com reports. The firm owned 153,519 shares of the real estate investment trust’s stock after acquiring an additional 120,517 shares during the quarter. BNP Paribas Financial Markets’ holdings in CoreCivic were worth $1,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. River Road Asset Management LLC raised its stake in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares in the last quarter. Algert Global LLC boosted its stake in CoreCivic by 348.2% in the 3rd quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 39,530 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after buying an additional 185,075 shares during the last quarter. Resolute Capital Asset Partners LLC purchased a new stake in CoreCivic during the 2nd quarter valued at about $649,000. Finally, Dimensional Fund Advisors LP acquired a new position in CoreCivic in the 2nd quarter worth approximately $1,115,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Performance

CoreCivic stock opened at $21.52 on Friday. The firm has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $14.77. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 32.12 and a beta of 1.02. 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.

Insiders Place Their Bets

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $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 sold a total of 110,000 shares of company stock valued at $2,490,520 over the last 90 days. 1.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.