State Street Corp Purchases 18,415 Shares of CoreCivic, Inc. (NYSE:CXW)

State Street Corp grew its position in shares of CoreCivic, Inc. (NYSE:CXW) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,200,268 shares of the real estate investment trust’s stock after acquiring an additional 18,415 shares during the period. State Street Corp’s holdings in CoreCivic were worth $53,133,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CXW. SG Americas Securities LLC lifted its holdings in CoreCivic by 79.3% in the 2nd quarter. SG Americas Securities LLC now owns 16,036 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 7,094 shares during the period. Innealta Capital LLC bought a new stake in CoreCivic in the second quarter valued at $87,000. Lee Danner & Bass Inc. purchased a new position in CoreCivic during the 2nd quarter valued at $6,818,000. Commonwealth Equity Services LLC raised its holdings in CoreCivic by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 804 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of CoreCivic in the 2nd quarter worth about $40,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Stock Down 4.0 %

Shares of CoreCivic stock opened at $20.53 on Thursday. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.02. The company has a 50-day moving average of $18.53 and a 200 day moving average of $15.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Insider Buying and Selling at CoreCivic

In other news, CFO David Garfinkle sold 50,000 shares of the 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 in the company, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This trade represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,000 shares of company stock valued at $2,490,520. Corporate insiders own 1.89% of the company’s stock.

Analysts Set New Price Targets

CXW has been the topic of several research analyst reports. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities upped their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a 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.