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

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 26,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CoreCivic Trading Up 3.6 %

Shares of CXW stock traded up $0.79 on Wednesday, hitting $22.73. The company had a trading volume of 1,018,111 shares, compared to its average volume of 1,009,589. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month 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 firm has a market cap of $2.51 billion, a P/E ratio of 32.76 and a beta of 0.86. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $14.39.

Analyst Upgrades and Downgrades

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

Institutional Trading of CoreCivic

Several institutional investors have recently added to or reduced their stakes in CXW. Lee Danner & Bass Inc. bought a new position in shares of CoreCivic in the 2nd quarter worth about $6,818,000. SG Americas Securities LLC increased its holdings in CoreCivic by 1,740.4% in the third quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock worth $3,733,000 after purchasing an additional 279,095 shares in the last quarter. Invenomic Capital Management LP lifted its stake in CoreCivic by 28.7% in the third quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock valued at $12,980,000 after buying an additional 228,803 shares during the period. Point72 Asset Management L.P. acquired a new position in CoreCivic in the third quarter valued at approximately $2,810,000. Finally, Weiss Asset Management LP boosted its holdings in shares of CoreCivic by 74.3% during the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock worth $6,308,000 after buying an additional 212,569 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

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.