CoreCivic, Inc. (NYSE:CXW) EVP Sells $576,680.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at $2,825,288.40. The trade was 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 Performance

NYSE:CXW opened at $22.49 on Friday. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. 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 stock has a market cap of $2.48 billion, a P/E ratio of 33.57 and a beta of 0.86. The business’s 50-day moving average price is $15.97 and its two-hundred day moving average price is $14.44.

Wall Street Analyst Weigh In

CXW has been the subject of a number of analyst reports. Northland Securities raised their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush reissued a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently bought and sold shares of CXW. Headlands Technologies LLC purchased a new stake in shares of CoreCivic during the 2nd quarter valued at $29,000. nVerses Capital LLC purchased a new stake in CoreCivic during the second quarter valued at about $40,000. GAMMA Investing LLC lifted its stake in CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,632 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of CoreCivic in the 2nd quarter worth about $87,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of CoreCivic during the 3rd quarter valued at about $139,000. 85.13% of the stock is currently owned by 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.