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

CoreCivic, Inc. (NYSE:CXW) Director Anne L. Mariucci sold 10,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the director now owns 101,936 shares of the company’s stock, valued at $2,446,464. This represents a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $21.44 on Friday. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. 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 $2.36 billion, a price-to-earnings ratio of 31.99 and a beta of 0.86. The firm has a fifty day moving average of $14.23 and a two-hundred day moving average of $13.99.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of CoreCivic in the second quarter valued at approximately $29,000. nVerses Capital LLC acquired a new position in shares of CoreCivic during the 2nd quarter worth about $40,000. GAMMA Investing LLC grew its holdings in shares of 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. EntryPoint Capital LLC acquired a new position in shares of CoreCivic during the 1st quarter worth approximately $84,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of CoreCivic during the 1st quarter worth approximately $87,000. Institutional investors own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wedbush reissued a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

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.