CoreCivic, Inc. (NYSE:CXW) Insider Sells $441,700.00 in Stock

CoreCivic, Inc. (NYSE:CXW) insider David K. Churchill sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the sale, the insider now directly owns 229,056 shares in the company, valued at approximately $2,890,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CoreCivic Stock Performance

Shares of CXW opened at $12.72 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.68 and a beta of 0.87. CoreCivic, Inc. has a 12 month low of $9.94 and a 12 month high of $16.54. The firm has a fifty day simple moving average of $13.08 and a 200 day simple moving average of $14.39. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.70.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million for the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Research analysts forecast that CoreCivic, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in shares of CoreCivic during the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC acquired a new position in CoreCivic during the fourth quarter worth $32,000. Headlands Technologies LLC bought a new stake in CoreCivic during the second quarter worth $29,000. nVerses Capital LLC acquired a new stake in CoreCivic in the second quarter valued at $40,000. Finally, USA Financial Formulas acquired a new stake in CoreCivic in the fourth quarter valued at $69,000. 85.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of research reports. Noble Financial lowered shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th. StockNews.com cut shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a report on Thursday, August 8th.

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.