CoreCivic, Inc. (NYSE:CXW – Get Free Report) CEO Damon T. Hininger sold 31,996 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.50, for a total value of $399,950.00. Following the completion of the sale, the chief executive officer now owns 788,266 shares of the company’s stock, valued at $9,853,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CoreCivic Stock Up 3.8 %
Shares of NYSE:CXW traded up $0.47 during trading on Wednesday, reaching $12.90. 1,166,071 shares of the stock were exchanged, compared to its average volume of 933,867. The stock has a fifty day moving average of $13.14 and a two-hundred day moving average of $14.40. CoreCivic, Inc. has a 1-year low of $9.94 and a 1-year high of $16.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 23.04 and a beta of 0.87.
CoreCivic (NYSE:CXW – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. Research analysts anticipate that CoreCivic, Inc. will post 1.51 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CoreCivic
Analysts Set New Price Targets
Several analysts have recently commented on the stock. StockNews.com downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research note on Thursday, August 8th. Finally, Noble Financial lowered shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th.
Check Out Our Latest Stock Report on CXW
CoreCivic Company Profile
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.
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