CoreCivic, Inc. (NYSE:CXW) Short Interest Up 5.5% in November

CoreCivic, Inc. (NYSE:CXW) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,430,000 shares, an increase of 5.5% from the October 31st total of 3,250,000 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 2.8 days.

Insider Transactions at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of CoreCivic stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,000 shares of company stock valued at $2,490,520. 2.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoreCivic

Several large investors have recently bought and sold shares of the stock. River Road Asset Management LLC boosted its holdings in shares of CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after acquiring an additional 40,365 shares in the last quarter. Algert Global LLC grew its holdings in CoreCivic by 348.2% during the third 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 during the period. Nisa Investment Advisors LLC raised its position in CoreCivic by 85.8% in the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares in the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in CoreCivic in the 2nd quarter valued at about $649,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of CoreCivic during the 2nd quarter valued at about $1,115,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Up 2.5 %

CXW opened at $21.88 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The stock’s 50 day moving average price is $16.88 and its 200 day moving average price is $14.68. The stock has a market cap of $2.41 billion, a P/E ratio of 32.66 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Northland Securities lifted their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company 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.

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.