Gill Capital Partners LLC Sells 11,000 Shares of CoreCivic, Inc. (NYSE:CXW)

Gill Capital Partners LLC lessened its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 49.1% during the 4th quarter, Holdings Channel reports. The fund owned 11,417 shares of the real estate investment trust’s stock after selling 11,000 shares during the period. Gill Capital Partners LLC’s holdings in CoreCivic were worth $248,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CXW. GAMMA Investing LLC raised its stake in shares of CoreCivic by 77.7% during 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. nVerses Capital LLC raised its stake in CoreCivic by 177.4% in the third quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 5,500 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of CoreCivic during the third quarter worth about $139,000. Tidal Investments LLC acquired a new position in shares of CoreCivic during the third quarter valued at about $139,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of CoreCivic in the 3rd quarter valued at approximately $144,000. 85.13% of the stock is owned by institutional investors.

Insider Activity at CoreCivic

In other CoreCivic news, Director Anne L. Mariucci sold 10,000 shares of CoreCivic stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now directly owns 101,936 shares of the company’s stock, valued at $2,446,464. The trade was a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock valued at $2,389,880. 2.21% of the stock is owned by corporate insiders.

CoreCivic Price Performance

NYSE:CXW opened at $23.02 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.54 billion, a PE ratio of 34.35 and a beta of 1.01. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The stock’s 50-day moving average price is $21.89 and its 200-day moving average price is $16.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Northland Securities lifted their price objective 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 boosted their price target for the company from $19.00 to $30.00 in a research note on Tuesday, December 10th.

CoreCivic Company 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.