CoreCivic, Inc. (NYSE:CXW) Director Sells $240,000.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Anne L. Mariucci sold 10,000 shares of CoreCivic stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 101,936 shares of the company’s stock, valued at $2,446,464. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CoreCivic Stock Performance

Shares of CXW opened at $21.52 on Thursday. The stock has a 50-day simple moving average of $14.23 and a 200-day simple moving average of $13.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $2.37 billion, a PE ratio of 32.12 and a beta of 0.86. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

Institutional Investors Weigh In On CoreCivic

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 acquiring an additional 120,517 shares in the last quarter. Quantbot Technologies LP raised its position in shares of 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 acquiring an additional 71,747 shares in the last quarter. FMR LLC raised its position in shares of CoreCivic by 3.8% during the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after acquiring an additional 186,310 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of CoreCivic by 323.4% during the 3rd 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 in the last quarter. Finally, Algert Global LLC raised its position in shares of CoreCivic by 348.2% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CXW. Wedbush reiterated a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities lifted their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note 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.