CoreCivic, Inc. (NYSE:CXW) EVP Sells $100,640.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CoreCivic Stock Performance

Shares of CXW opened at $12.61 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.52 and a beta of 0.87. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $16.54. The stock has a 50 day moving average price of $13.04 and a 200 day moving average price of $14.02.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The company had revenue of $490.11 million for the quarter, compared to analyst estimates of $481.87 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. CoreCivic’s revenue was up 5.7% compared to the same quarter last year. Research analysts predict that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

CXW has been the subject of a number of analyst reports. Noble Financial downgraded CoreCivic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Wedbush reiterated a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th.

Institutional Trading of CoreCivic

Several institutional investors and hedge funds have recently made changes to their positions in CXW. Headlands Technologies LLC purchased a new position in CoreCivic during the 2nd quarter worth approximately $29,000. nVerses Capital LLC purchased a new position in shares of CoreCivic during the second quarter worth approximately $40,000. EntryPoint Capital LLC acquired a new position in shares of CoreCivic in the 1st quarter valued at $84,000. Allspring Global Investments Holdings LLC purchased a new stake in CoreCivic in the 1st quarter valued at $87,000. Finally, Innealta Capital LLC acquired a new stake in CoreCivic during the 2nd quarter worth $87,000. 85.13% of the stock is 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.