11,000 Shares in CoreCivic, Inc. (NYSE:CXW) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new position in CoreCivic, Inc. (NYSE:CXW) during the third quarter, Holdings Channel.com reports. The fund bought 11,000 shares of the real estate investment trust’s stock, valued at approximately $139,000.

A number of other hedge funds have also added to or reduced their stakes in CXW. Headlands Technologies LLC bought a new position in CoreCivic in the 2nd quarter worth about $29,000. nVerses Capital LLC bought a new position in CoreCivic in the 2nd quarter worth about $40,000. GAMMA Investing LLC grew its stake in CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,632 shares in the last quarter. EntryPoint Capital LLC bought a new position in CoreCivic in the 1st quarter worth about $84,000. Finally, Innealta Capital LLC bought a new position in CoreCivic in the 2nd quarter worth about $87,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Price Performance

NYSE CXW opened at $21.36 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s 50 day moving average price is $14.56 and its 200-day moving average price is $14.07. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The company has a market cap of $2.36 billion, a PE ratio of 31.88 and a beta of 0.86.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, Director Anne L. Mariucci sold 10,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. This trade represents a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Garfinkle sold 25,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $13.60, for a total transaction of $340,000.00. Following the completion of the transaction, the chief financial officer now directly owns 326,528 shares of the company’s stock, valued at approximately $4,440,780.80. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,000 shares of company stock worth $2,094,790 over the last three months. Corporate insiders own 1.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CXW. Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities increased their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

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.