CoreCivic, Inc. (NYSE:CXW) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 323.4% in the third quarter, HoldingsChannel reports. The fund owned 67,183 shares of the real estate investment trust’s stock after buying an additional 51,316 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in CoreCivic were worth $850,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. River Road Asset Management LLC lifted its holdings in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after purchasing an additional 40,365 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $31,389,000 after buying an additional 35,591 shares in the last quarter. abrdn plc lifted its stake in shares of CoreCivic by 8.7% in the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock worth $13,047,000 after acquiring an additional 82,500 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of CoreCivic in the second quarter valued at approximately $6,818,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after acquiring an additional 185,075 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Stock Up 2.5 %

NYSE CXW opened at $22.49 on Thursday. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market capitalization of $2.48 billion, a P/E ratio of 33.57 and a beta of 0.86. The company’s 50 day simple moving average is $15.77 and its 200 day simple moving average is $14.39. 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 related news, EVP Anthony L. Grande sold 26,000 shares of CoreCivic 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 transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at approximately $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne L. Mariucci sold 10,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the director now owns 101,936 shares in the company, valued at approximately $2,446,464. The trade was a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,000 shares of company stock valued at $2,490,520. Corporate insiders own 2.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Northland Securities upped their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush restated a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th.

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.