Texas Permanent School Fund Boosts Stock Position in CoreCivic, Inc. (NYSE:CXW)

Texas Permanent School Fund increased its position in shares of CoreCivic, Inc. (NYSE:CXWGet Rating) by 3.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 87,885 shares of the real estate investment trust’s stock after purchasing an additional 2,609 shares during the period. Texas Permanent School Fund’s holdings in CoreCivic were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CXW. Quantbot Technologies LP purchased a new position in CoreCivic during the first quarter worth about $36,000. Optimum Investment Advisors raised its holdings in CoreCivic by 75.0% during the second quarter. Optimum Investment Advisors now owns 7,000 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,000 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in CoreCivic during the second quarter worth about $123,000. Accurate Wealth Management LLC purchased a new position in CoreCivic during the first quarter worth about $124,000. Finally, Blueshift Asset Management LLC purchased a new position in CoreCivic during the first quarter worth about $124,000. 86.46% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Trading Up 0.2 %

Shares of CXW opened at $12.14 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average is $10.03 and its two-hundred day moving average is $10.68. CoreCivic, Inc. has a twelve month low of $8.39 and a twelve month high of $14.24. The firm has a market capitalization of $1.40 billion, a P/E ratio of 11.45 and a beta of 0.89.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd.

Insiders Place Their Bets

In other news, Director Thurgood Marshall, Jr. sold 7,500 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $9.61, for a total value of $72,075.00. Following the sale, the director now directly owns 42,047 shares in the company, valued at $404,071.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Damon T. Hininger sold 57,952 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $11.42, for a total value of $661,811.84. Following the sale, the chief executive officer now directly owns 652,334 shares in the company, valued at $7,449,654.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thurgood Marshall, Jr. sold 7,500 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $9.61, for a total transaction of $72,075.00. Following the completion of the sale, the director now owns 42,047 shares in the company, valued at $404,071.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,952 shares of company stock worth $1,160,442. 1.93% of the stock is owned by company insiders.

About CoreCivic

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding CXW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreCivic, Inc. (NYSE:CXWGet Rating).

Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

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