Victory Capital Management Inc. Trims Stock Position in CoreCivic, Inc. (NYSE:CXW)

Victory Capital Management Inc. reduced its position in shares of CoreCivic, Inc. (NYSE:CXWFree 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 %

Shares of CXW opened at $14.84 on Monday. The business’s 50 day moving average is $14.24 and its 200 day moving average is $12.49. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73. CoreCivic, Inc. has a 12-month low of $7.84 and a 12-month high of $15.17. The company has a market capitalization of $1.69 billion, a PE ratio of 25.15 and a beta of 0.81.

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.

Read Our Latest Report on CoreCivic

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

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:CXWFree Report).

Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

Receive News & Ratings for CoreCivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCivic and related companies with MarketBeat.com's FREE daily email newsletter.