CoreCivic, Inc. (NYSE:CXW) Director Mark A. Emkes Sells 16,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director Mark A. Emkes sold 16,000 shares of CoreCivic stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the sale, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

CoreCivic Price Performance

Shares of CXW stock opened at $21.98 on Friday. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 32.81 and a beta of 0.86. 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 firm has a fifty day moving average of $15.25 and a 200-day moving average of $14.26.

Hedge Funds Weigh In On CoreCivic

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of CoreCivic by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 804 shares during the period. SummerHaven Investment Management LLC lifted its position in CoreCivic by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 998 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in CoreCivic by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after acquiring an additional 1,401 shares in the last quarter. ProShare Advisors LLC lifted its position in CoreCivic by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 22,927 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 1,578 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

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

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.