Insider Selling: CoreCivic, Inc. (NYSE:CXW) EVP Sells 10,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at approximately $4,012,020.98. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CoreCivic Trading Down 0.6%

Shares of CoreCivic stock traded down $0.13 during trading on Tuesday, hitting $22.58. The stock had a trading volume of 877,785 shares, compared to its average volume of 1,155,250. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.46 billion, a PE ratio of 37.02 and a beta of 0.79. The stock has a 50 day simple moving average of $21.23 and a 200 day simple moving average of $20.87.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CXW shares. Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Friday. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of CoreCivic during the fourth quarter worth approximately $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 worth $53,000 after buying an additional 1,859 shares during the period. Copia Wealth Management acquired a new position in shares of CoreCivic in the 4th quarter valued at $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 worth $94,000 after buying an additional 4,315 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of CoreCivic by 10.0% in 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 in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

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.