Y Intercept Hong Kong Ltd Cuts Holdings in CoreCivic, Inc. (NYSE:CXW)

Y Intercept Hong Kong Ltd lessened its stake in CoreCivic, Inc. (NYSE:CXW) by 62.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,647 shares of the real estate investment trust’s stock after selling 40,309 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CoreCivic were worth $312,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. River Road Asset Management LLC lifted its stake in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after acquiring an additional 40,365 shares during the last quarter. FMR LLC lifted its position in shares of CoreCivic by 3.8% during the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp lifted its position in shares of CoreCivic by 0.4% during the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock worth $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after purchasing an additional 35,591 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in CoreCivic by 1.9% in the third quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust’s stock valued at $13,408,000 after buying an additional 19,706 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Price Performance

Shares of CXW opened at $21.36 on Wednesday. The firm has a fifty day moving average price of $18.36 and a 200 day moving average price of $15.04. The stock has a market cap of $2.36 billion, a PE ratio of 32.18 and a beta of 1.02. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Insider Activity

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,000 shares of company stock valued at $2,490,520. Insiders own 1.89% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Northland Securities lifted their price target on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush upgraded CoreCivic from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $30.00 in a research note on Tuesday, December 10th.

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.