Insider Selling: CoreCivic, Inc. (NYSE:CXW) EVP Sells $1,611,750.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Lucibeth Mayberry sold 75,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the completion of the transaction, the executive vice president now owns 211,232 shares in the company, valued at $4,539,375.68. This represents a 26.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $21.92 on Monday. The firm has a market cap of $2.39 billion, a PE ratio of 35.93 and a beta of 0.79. The firm’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $20.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. The business had revenue of $488.60 million for the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. Equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CoreCivic

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of CoreCivic in the 4th quarter valued at about $43,000. Smartleaf Asset Management LLC grew its position in shares of CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,859 shares during the last quarter. Copia Wealth Management bought a new stake in shares of CoreCivic during the 4th quarter valued at about $82,000. Russell Investments Group Ltd. grew its position in shares of CoreCivic by 86,300.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 4,315 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of CoreCivic by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Friday.

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.