HighTower Advisors LLC Purchases 1,877 Shares of CoreCivic, Inc. (NYSE:CXW)

HighTower Advisors LLC lifted its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,549 shares of the real estate investment trust’s stock after acquiring an additional 1,877 shares during the quarter. HighTower Advisors LLC’s holdings in CoreCivic were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. River Road Asset Management LLC increased its position in shares of CoreCivic by 0.5% during the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after purchasing an additional 40,365 shares during the last quarter. FMR LLC grew its position in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after buying an additional 186,310 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after buying an additional 35,591 shares during the last quarter. abrdn plc boosted its stake in CoreCivic by 8.7% in the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock valued at $13,047,000 after acquiring an additional 82,500 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of CoreCivic during the 2nd quarter valued at approximately $6,818,000. 85.13% of the stock is currently owned by institutional investors.

Insider Activity at CoreCivic

In other news, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the transaction, the director now owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Garfinkle sold 50,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the sale, the chief financial officer now 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. In the last three months, insiders have sold 110,000 shares of company stock worth $2,490,520. 2.21% of the stock is owned by company insiders.

CoreCivic Stock Up 2.3 %

CXW opened at $21.64 on Thursday. The company has a 50 day moving average of $19.31 and a 200 day moving average of $15.26. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market cap of $2.39 billion, a PE ratio of 32.30 and a beta of 1.02.

Analyst Ratings Changes

Several research firms recently commented on CXW. Northland Securities upped their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th.

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.