CoreCivic, Inc. (NYSE:CXW) EVP Sells $576,680.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value 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. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CoreCivic Trading Up 2.5 %

Shares of NYSE CXW opened at $22.49 on Thursday. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 33.57 and a beta of 0.86. The business’s 50 day moving average price is $15.97 and its 200-day moving average price is $14.44.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research report on Friday, September 13th. Northland Securities raised their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in CoreCivic during the 2nd quarter valued at about $29,000. nVerses Capital LLC purchased a new stake in shares of CoreCivic in the 2nd quarter worth approximately $40,000. GAMMA Investing LLC boosted its stake in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,632 shares in the last quarter. Innealta Capital LLC purchased a new position in CoreCivic during the second quarter valued at approximately $87,000. Finally, Chesapeake Capital Corp IL bought a new position in CoreCivic in the third quarter worth approximately $139,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

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.