Anthony L. Grande Sells 26,000 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CoreCivic Stock Up 2.5 %

CoreCivic stock opened at $22.49 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.48 billion, a P/E ratio of 33.57 and a beta of 0.86. The firm has a 50 day moving average price of $15.97 and a 200-day moving average price of $14.44. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99.

Analyst Ratings Changes

A number of brokerages recently commented on CXW. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

Institutional Trading of CoreCivic

A number of large investors have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in shares of CoreCivic during the 3rd quarter valued at $139,000. Virtu Financial LLC purchased a new stake in CoreCivic during the third quarter valued at about $236,000. Geode Capital Management LLC boosted its position in CoreCivic by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. Barclays PLC increased its stake in shares of CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after purchasing an additional 139,631 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of CoreCivic by 22.5% in the third quarter. National Bank of Canada FI now owns 761,492 shares of the real estate investment trust’s stock valued at $9,633,000 after purchasing an additional 140,000 shares during the period. 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.