Victory Capital Management Inc. reduced its position in shares of CoreCivic, Inc. (NYSE:CXW – Free Report) by 33.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,391 shares of the real estate investment trust’s stock after selling 54,850 shares during the quarter. Victory Capital Management Inc.’s holdings in CoreCivic were worth $1,219,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC purchased a new stake in CoreCivic during the third quarter valued at approximately $1,052,000. Cetera Investment Advisers bought a new position in CoreCivic in the 2nd quarter worth $147,000. Virginia Retirement Systems ET AL purchased a new position in CoreCivic during the second quarter valued at $1,301,000. Citigroup Inc. grew its holdings in CoreCivic by 122.7% during the second quarter. Citigroup Inc. now owns 158,372 shares of the real estate investment trust’s stock valued at $1,490,000 after purchasing an additional 87,273 shares during the period. Finally, Swiss National Bank increased its position in CoreCivic by 0.6% in the second quarter. Swiss National Bank now owns 249,718 shares of the real estate investment trust’s stock worth $2,350,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 80.89% of the company’s stock.
Insider Buying and Selling at CoreCivic
In other news, EVP Cole G. Carter sold 39,345 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $13.53, for a total value of $532,337.85. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through this link. Insiders own 1.89% of the company’s stock.
CoreCivic Stock Down 1.1 %
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on CXW shares. StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Sunday. Wedbush increased their price objective on shares of CoreCivic from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Northland Securities assumed coverage on shares of CoreCivic in a research note on Thursday, October 19th. They set an “outperform” rating and a $16.00 target price on the stock.
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.
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