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 stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the transaction, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $22.01 on Friday. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market cap of $2.43 billion, a P/E ratio of 32.81 and a beta of 0.86. The stock has a fifty day moving average price of $15.43 and a two-hundred day moving average price of $14.31. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51.

Wall Street Analyst Weigh In

CXW has been the subject of several recent analyst reports. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reissued a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in CoreCivic in the 2nd quarter valued at about $29,000. nVerses Capital LLC acquired a new stake in CoreCivic during the second quarter valued at approximately $40,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 1,632 shares in the last quarter. EntryPoint Capital LLC acquired a new position in CoreCivic in the first quarter worth approximately $84,000. Finally, Innealta Capital LLC bought a new position in shares of CoreCivic in the second quarter valued at $87,000. Institutional investors own 85.13% of the company’s stock.

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.