CoreCivic, Inc. (NYSE:CXW) Director Sells $363,200.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CoreCivic Price Performance

CXW traded up $0.21 during midday trading on Friday, hitting $22.01. 2,755,045 shares of the company traded hands, compared to its average volume of 1,009,309. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 33.16 and a beta of 0.86. The business has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $14.26. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

Institutional Trading of CoreCivic

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of CoreCivic during the 1st quarter worth $140,000. ProShare Advisors LLC increased its holdings 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 purchasing an additional 1,578 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in CoreCivic by 3.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 67,663 shares of the real estate investment trust’s stock worth $1,056,000 after purchasing an additional 1,954 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of CoreCivic by 8.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 103,894 shares of the real estate investment trust’s stock worth $1,619,000 after buying an additional 7,828 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of CoreCivic during the first quarter worth about $84,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report 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.