New York Life Investment Management LLC Lowers Stock Position in CoreCivic, Inc. (NYSE:CXW)

New York Life Investment Management LLC lowered its stake in shares of CoreCivic, Inc. (NYSE:CXWFree Report) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,640 shares of the real estate investment trust’s stock after selling 6,157 shares during the quarter. New York Life Investment Management LLC’s holdings in CoreCivic were worth $435,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CXW. Quantbot Technologies LP bought a new position in shares of CoreCivic during the 1st quarter valued at approximately $36,000. Quarry LP bought a new stake in shares of CoreCivic during the first quarter worth $57,000. Lazard Asset Management LLC bought a new stake in shares of CoreCivic during the second quarter worth $58,000. UBS Group AG lifted its position in shares of CoreCivic by 110.6% during the second quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of CoreCivic by 152.5% during the first quarter. Advisory Services Network LLC now owns 7,121 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 4,301 shares during the last quarter. Institutional investors own 80.89% of the company’s stock.

Insider Buying and Selling

In related news, EVP Cole G. Carter sold 39,345 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.53, for a total value of $532,337.85. Following the completion of the sale, the executive vice president now directly owns 181,817 shares of the company’s stock, valued at $2,459,984.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Northland Securities assumed coverage on CoreCivic in a research report on Thursday, October 19th. They set an “outperform” rating and a $16.00 target price for the company. Wedbush lifted their target price on CoreCivic from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com downgraded CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd.

Read Our Latest Stock Analysis on CoreCivic

CoreCivic Stock Down 1.1 %

NYSE:CXW opened at $14.84 on Friday. CoreCivic, Inc. has a 1-year low of $7.84 and a 1-year high of $15.17. The company has a 50-day moving average of $14.24 and a 200 day moving average of $12.45. The firm has a market cap of $1.69 billion, a PE ratio of 25.15 and a beta of 0.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.60 and a quick ratio of 1.38.

CoreCivic Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

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