CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in shares of CoreCivic, Inc. (NYSE:CXW) by 323.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,183 shares of the real estate investment trust’s stock after purchasing an additional 51,316 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of CoreCivic worth $850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in CoreCivic in the 2nd quarter valued at about $6,818,000. SG Americas Securities LLC boosted its holdings in CoreCivic by 1,740.4% in the third quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock valued at $3,733,000 after purchasing an additional 279,095 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in CoreCivic by 85.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after purchasing an additional 185,075 shares in the last quarter. Marshall Wace LLP increased its holdings in CoreCivic by 102.2% during the 2nd quarter. Marshall Wace LLP now owns 213,880 shares of the real estate investment trust’s stock worth $2,776,000 after purchasing an additional 108,079 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of CoreCivic during the 2nd quarter valued at approximately $1,115,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

CXW has been the subject of a number of recent analyst reports. Wedbush reissued a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a research report on Friday, September 13th. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

CoreCivic Price Performance

Shares of CXW opened at $22.49 on Thursday. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 33.57 and a beta of 0.86. The stock has a 50 day moving average of $15.77 and a 200-day moving average of $14.39.

Insider Buying and Selling at CoreCivic

In related news, CFO David Garfinkle sold 50,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the sale, the chief financial officer now owns 276,528 shares in the company, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $2,490,520 over the last 90 days. Insiders own 2.21% of the company’s stock.

CoreCivic 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.