Virtu Financial LLC Invests $236,000 in CoreCivic, Inc. (NYSE:CXW)

Virtu Financial LLC bought a new position in CoreCivic, Inc. (NYSE:CXW) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 18,692 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of CoreCivic in the second quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in CoreCivic during the second quarter worth $40,000. GAMMA Investing LLC raised its position in CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,632 shares during the last quarter. Innealta Capital LLC bought a new position in CoreCivic during the 2nd quarter valued at $87,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of CoreCivic in the 3rd quarter worth $139,000. Institutional investors own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CXW shares. Wedbush raised shares of CoreCivic from a “neutral” rating to an “outperform” rating and raised their price target for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities lifted 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 Stock Down 1.8 %

Shares of NYSE:CXW opened at $21.36 on Wednesday. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a market capitalization of $2.36 billion, a PE ratio of 31.88 and a beta of 1.02. The business has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $15.04. 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 at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 of the company’s stock, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,000 shares of company stock worth $2,490,520. 1.89% of the stock is owned by company insiders.

About CoreCivic

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.