CoreCivic, Inc. (NYSE:CXW) Short Interest Update

CoreCivic, Inc. (NYSE:CXW) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,090,000 shares, a drop of 7.5% from the September 15th total of 4,420,000 shares. Based on an average daily volume of 943,400 shares, the short-interest ratio is currently 4.3 days. Currently, 3.8% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

Insider Transactions at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of the 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 owns 207,847 shares in the company, valued at approximately $2,614,715.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Damon T. Hininger sold 31,996 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total transaction of $399,950.00. Following the completion of the sale, the chief executive officer now owns 788,266 shares of the company’s stock, valued at approximately $9,853,325. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 169,996 shares of company stock worth $2,177,640 in the last three months. Insiders own 1.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in CoreCivic during the second quarter worth approximately $29,000. nVerses Capital LLC acquired a new stake in CoreCivic during the 2nd quarter valued at approximately $40,000. GAMMA Investing LLC grew its holdings in CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,632 shares during the period. EntryPoint Capital LLC purchased a new position in shares of CoreCivic during the 1st quarter valued at approximately $84,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in CoreCivic in the 1st quarter worth about $87,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Trading Up 0.4 %

NYSE:CXW traded up $0.05 during trading hours on Thursday, reaching $13.95. The company’s stock had a trading volume of 504,562 shares, compared to its average volume of 924,802. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.44 and a current ratio of 1.44. CoreCivic has a 1 year low of $10.74 and a 1 year high of $16.54. The firm has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $13.87. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.89 and a beta of 0.87.

CoreCivic (NYSE:CXW) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The company had revenue of $490.11 million for the quarter, compared to the consensus estimate of $481.87 million. CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Research analysts expect that CoreCivic will post 1.49 EPS for the current fiscal year.

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.