CoreCivic, Inc. (NYSE:CXW) Insider Sells $204,150.00 in Stock

CoreCivic, Inc. (NYSE:CXW) insider David K. Churchill sold 15,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $13.61, for a total value of $204,150.00. Following the sale, the insider now owns 214,056 shares of the company’s stock, valued at $2,913,302.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CoreCivic Stock Up 1.5 %

Shares of NYSE CXW opened at $13.79 on Thursday. The stock has a fifty day moving average price of $13.27 and a 200 day moving average price of $14.32. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.70. CoreCivic, Inc. has a 12-month low of $9.94 and a 12-month high of $16.54. The company has a market cap of $1.53 billion, a P/E ratio of 24.63 and a beta of 0.87.

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

Analyst Ratings Changes

CXW has been the subject of a number of research reports. Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a report on Thursday, August 8th. Noble Financial downgraded shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th.

Hedge Funds Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of CoreCivic by 1,050.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock valued at $45,603,000 after acquiring an additional 2,865,763 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in CoreCivic during the 2nd quarter worth approximately $6,818,000. Teacher Retirement System of Texas raised its position in shares of CoreCivic by 1,284.1% in the 4th quarter. Teacher Retirement System of Texas now owns 545,967 shares of the real estate investment trust’s stock valued at $7,933,000 after purchasing an additional 506,522 shares in the last quarter. Courage Capital Management LLC purchased a new position in shares of CoreCivic during the 1st quarter valued at approximately $5,323,000. Finally, Nisa Investment Advisors LLC grew its position in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after buying an additional 185,075 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

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.