Corecivic (NYSE:CXW) Sets New 12-Month Low at $14.85

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Corecivic Inc (NYSE:CXW) reached a new 52-week low on Friday . The stock traded as low as $14.85 and last traded at $15.00, with a volume of 198930 shares. The stock had previously closed at $15.09.

Separately, ValuEngine upgraded shares of Corecivic from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.80 billion, a PE ratio of 6.54 and a beta of 1.00. The firm’s 50-day simple moving average is $15.73 and its two-hundred day simple moving average is $18.45.

In other Corecivic news, Director Thurgood Marshall, Jr. sold 7,600 shares of Corecivic stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $17.65, for a total transaction of $134,140.00. Following the completion of the sale, the director now owns 32,057 shares of the company’s stock, valued at approximately $565,806.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.24% of the company’s stock.

Several large investors have recently modified their holdings of CXW. Signaturefd LLC boosted its stake in shares of Corecivic by 99.2% during the 3rd quarter. Signaturefd LLC now owns 1,576 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 785 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Corecivic during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC boosted its stake in shares of Corecivic by 276.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,614 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,185 shares during the period. US Bancorp DE boosted its stake in shares of Corecivic by 104.9% during the 2nd quarter. US Bancorp DE now owns 2,166 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,109 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Corecivic by 1,753.2% during the 3rd quarter. Parallel Advisors LLC now owns 3,206 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 3,033 shares during the period. 79.61% of the stock is owned by institutional investors.

Corecivic Company Profile (NYSE:CXW)

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

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