Peapack Gladstone Financial Corp Sells 2,605 Shares of CoreCivic, Inc. (NYSE:CXW)

Peapack Gladstone Financial Corp lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 6.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 35,217 shares of the real estate investment trust’s stock after selling 2,605 shares during the period. Peapack Gladstone Financial Corp’s holdings in CoreCivic were worth $445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. River Road Asset Management LLC lifted its stake in CoreCivic by 0.5% during the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after acquiring an additional 40,365 shares during the period. FMR LLC lifted its stake in CoreCivic by 3.8% during the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp lifted its stake in 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 valued at $53,133,000 after acquiring an additional 18,415 shares during the period. Geode Capital Management LLC lifted its stake in shares of CoreCivic by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CoreCivic by 1.5% in the 3rd 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 during the period. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 0.6 %

CoreCivic stock opened at $21.88 on Monday. The firm has a 50 day moving average of $18.18 and a 200 day moving average of $15.00. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 32.66 and a beta of 1.02. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month 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.

Insider Buying and Selling

In related news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value 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 approximately $2,614,715.26. This represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,000 shares of company stock valued at $2,490,520. 1.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $30.00 in a research note on Tuesday, December 10th. Northland Securities increased their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.