CoreCivic, Inc. (NYSE:CXW) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 56,143 shares of the real estate investment trust’s stock after selling 1,281 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CoreCivic were worth $710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CXW. Dynamic Technology Lab Private Ltd grew its position in shares of CoreCivic by 323.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 67,183 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 51,316 shares during the period. Algert Global LLC grew its position in shares of CoreCivic by 348.2% during the 3rd quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 39,530 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of CoreCivic by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock valued at $31,389,000 after acquiring an additional 35,591 shares during the period. Intech Investment Management LLC grew its position in shares of CoreCivic by 485.4% during the 3rd quarter. Intech Investment Management LLC now owns 87,737 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 72,750 shares during the period. Finally, Quest Partners LLC grew its position in shares of CoreCivic by 24,217.1% during the 3rd quarter. Quest Partners LLC now owns 17,022 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 16,952 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Trading Down 0.7 %

Shares of CoreCivic stock opened at $21.86 on Friday. The firm has a market capitalization of $2.41 billion, a PE ratio of 32.63 and a beta of 1.02. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The firm’s 50-day moving average price is $18.18 and its 200 day moving average price is $15.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66.

Insider Activity at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of the firm’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 transaction, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. This trade represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock valued at $2,490,520. 1.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CXW. Northland Securities raised their target price on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush upgraded CoreCivic from a “neutral” rating to an “outperform” rating and raised their target price for the company from $19.00 to $30.00 in a research report on Tuesday.

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.