Invenomic Capital Management LP Acquires 228,803 Shares of CoreCivic, Inc. (NYSE:CXW)

Invenomic Capital Management LP lifted its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,026,050 shares of the real estate investment trust’s stock after buying an additional 228,803 shares during the quarter. Invenomic Capital Management LP owned about 0.93% of CoreCivic worth $12,980,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. River Road Asset Management LLC raised its holdings 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 buying an additional 40,365 shares during the last quarter. Algert Global LLC lifted its position in shares of CoreCivic by 348.2% during the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 39,530 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after buying an additional 185,075 shares during the period. Resolute Capital Asset Partners LLC acquired a new stake in CoreCivic in the 2nd quarter valued at $649,000. Finally, Dimensional Fund Advisors LP purchased a new position in CoreCivic in the 2nd quarter valued at $1,115,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 1.8 %

Shares of CXW stock opened at $21.26 on Tuesday. The stock has a 50-day moving average of $16.53 and a 200-day moving average of $14.59. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 32.30 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99.

Insider Activity at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the company’s 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 directly owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. This represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,000 shares of company stock valued at $2,490,520. Company insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.