Short Interest in CoreCivic, Inc. (NYSE:CXW) Rises By 5.5%

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

Analyst Ratings Changes

CXW has been the subject of a number of research analyst reports. Northland Securities lifted 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 reiterated a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th.

Insider Transactions at CoreCivic

In related news, Director Anne L. Mariucci sold 10,000 shares of CoreCivic stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the director now owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. The trade was a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock worth $2,490,520 in the last three months. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On CoreCivic

Institutional investors have recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in shares of CoreCivic in the second quarter valued at approximately $6,818,000. SG Americas Securities LLC boosted its stake in shares of 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 valued at $3,733,000 after buying an additional 279,095 shares during the period. Invenomic Capital Management LP boosted its stake in shares of 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 during the third quarter valued at approximately $2,810,000. Finally, Weiss Asset Management LP raised its position in CoreCivic by 74.3% during the third quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after purchasing an additional 212,569 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE:CXW traded up $0.05 during trading on Wednesday, reaching $21.40. 517,290 shares of the stock were exchanged, compared to its average volume of 1,013,081. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The firm has a market cap of $2.36 billion, a PE ratio of 31.82 and a beta of 1.02. The stock has a 50-day moving average price of $16.70 and a 200-day moving average price of $14.63. 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 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.