Other equities research analysts have also issued research reports about the company. Wedbush lifted their price target on CoreCivic from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday. Northland Securities began coverage on CoreCivic in a research note on Thursday, October 19th. They issued an “outperform” rating and a $16.00 target price for the company.
CoreCivic Trading Down 1.0 %
In other news, EVP Cole G. Carter sold 39,345 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was 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 owns 181,817 shares of the company’s stock, valued at approximately $2,459,984.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.89% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CXW. GAMMA Investing LLC purchased a new position in CoreCivic during the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new position in CoreCivic during the 4th quarter valued at about $32,000. Quantbot Technologies LP purchased a new position in CoreCivic during the 1st quarter valued at about $36,000. Quarry LP purchased a new position in CoreCivic during the 1st quarter valued at about $57,000. Finally, Lazard Asset Management LLC purchased a new position in CoreCivic during the 2nd quarter valued at about $58,000. Hedge funds and other institutional investors own 80.89% of the company’s 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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