CoreCivic, Inc. (NYSE:CXW) Short Interest Down 7.5% in September

CoreCivic, Inc. (NYSE:CXW) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,090,000 shares, a decline of 7.5% from the September 15th total of 4,420,000 shares. Based on an average trading volume of 943,400 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.8% of the company’s stock are sold short.

Insider Transactions at CoreCivic

In related news, COO Patrick D. Swindle sold 15,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.40, for a total value of $186,000.00. Following the completion of the sale, the chief operating officer now directly owns 203,504 shares of the company’s stock, valued at $2,523,449.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Lucibeth Mayberry sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $12.63, for a total value of $505,200.00. Following the completion of the sale, the executive vice president now directly owns 223,733 shares of the company’s stock, valued at $2,825,747.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Patrick D. Swindle sold 15,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.40, for a total value of $186,000.00. Following the completion of the sale, the chief operating officer now directly owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,996 shares of company stock valued at $2,177,640. 2.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of CoreCivic in the second quarter valued at $29,000. nVerses Capital LLC bought a new position in shares of CoreCivic in the second quarter valued at $40,000. GAMMA Investing LLC increased its holdings in shares of CoreCivic by 77.7% in the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,632 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of CoreCivic in the first quarter valued at $84,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of CoreCivic in the first quarter valued at $87,000. Institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th.

CoreCivic Stock Performance

CXW opened at $13.95 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. CoreCivic has a 1-year low of $10.74 and a 1-year high of $16.54. The business has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $13.87.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The firm had revenue of $490.11 million during the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts predict that CoreCivic will post 1.49 EPS for the current fiscal year.

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.