David Garfinkle Sells 50,000 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the transaction, the chief financial officer now directly owns 276,528 shares of the company’s stock, valued at approximately $6,691,977.60. 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 at the SEC website.

David Garfinkle also recently made the following trade(s):

• On Friday, August 23rd, David Garfinkle sold 25,000 shares of CoreCivic stock. The shares were sold at an average price of $13.60, for a total value of $340,000.00.

CoreCivic Trading Down 2.8 %

Shares of NYSE:CXW opened at $21.52 on Thursday. The business’s 50 day moving average price is $14.23 and its 200-day moving average price is $13.99. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Hedge Funds Weigh In On CoreCivic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXW. BNP Paribas Financial Markets raised its position in shares of CoreCivic by 365.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 153,519 shares of the real estate investment trust’s stock worth $1,942,000 after purchasing an additional 120,517 shares during the last quarter. Quantbot Technologies LP increased its stake in CoreCivic by 1,448.6% during the 3rd quarter. Quantbot Technologies LP now owns 76,700 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 71,747 shares in the last quarter. FMR LLC raised its holdings in shares of CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after acquiring an additional 186,310 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of CoreCivic by 323.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 67,183 shares of the real estate investment trust’s stock worth $850,000 after acquiring an additional 51,316 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 39,530 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CXW. Wedbush reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th. Northland Securities upped their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 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.