CoreCivic, Inc. (NYSE:CXW) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 13,071.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,147 shares of the real estate investment trust’s stock after buying an additional 251,225 shares during the quarter. Nisa Investment Advisors LLC owned about 0.23% of CoreCivic worth $5,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,632 shares during the last quarter. nVerses Capital LLC lifted its holdings in CoreCivic by 177.4% in the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 5,500 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of CoreCivic during the 3rd quarter worth about $139,000. Tidal Investments LLC purchased a new stake in shares of CoreCivic during the third quarter worth about $139,000. Finally, Algert Global LLC acquired a new position in shares of CoreCivic in the second quarter valued at approximately $147,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW stock opened at $21.22 on Friday. 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 has a market capitalization of $2.34 billion, a price-to-earnings ratio of 31.68 and a beta of 1.01. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The company has a 50 day moving average price of $21.90 and a 200 day moving average price of $16.78.

Insider Transactions at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the completion of the sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $2,389,880 in the last ninety days. Insiders own 1.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CXW. Northland Securities lifted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush upgraded CoreCivic from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $30.00 in a research note 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.