CoreCivic, Inc. (NYSE:CXW) Short Interest Down 14.9% in October

CoreCivic, Inc. (NYSE:CXW) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 3,480,000 shares, a decrease of 14.9% from the September 30th total of 4,090,000 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average trading volume of 873,000 shares, the short-interest ratio is presently 4.0 days.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the executive vice president now owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Damon T. Hininger sold 31,996 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total transaction of $399,950.00. Following the completion of the sale, the chief executive officer now owns 788,266 shares in the company, valued at $9,853,325. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,996 shares of company stock valued at $2,177,640 over the last quarter. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in CoreCivic by 159.3% in the first quarter. BNP Paribas Financial Markets now owns 115,555 shares of the real estate investment trust’s stock valued at $1,804,000 after buying an additional 70,999 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of CoreCivic by 85.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares during the last quarter. Resolute Capital Asset Partners LLC bought a new stake in CoreCivic in the 2nd quarter valued at $649,000. Dimensional Fund Advisors LP acquired a new stake in CoreCivic during the 2nd quarter valued at $1,115,000. Finally, Courage Capital Management LLC boosted its position in CoreCivic by 15.4% during the second quarter. Courage Capital Management LLC now owns 393,491 shares of the real estate investment trust’s stock worth $5,108,000 after purchasing an additional 52,491 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Down 3.3 %

Shares of CoreCivic stock traded down $0.47 on Thursday, reaching $13.85. 574,559 shares of the company were exchanged, compared to its average volume of 909,780. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.17 and a beta of 0.87. 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 has a one year low of $10.74 and a one year high of $16.54. The company has a 50-day moving average of $13.28 and a 200 day moving average of $13.75.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share (EPS) 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 firm had revenue of $490.11 million for the quarter, compared to the consensus estimate of $481.87 million. During the same period last year, the company posted $0.33 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that CoreCivic will post 1.49 earnings per share for the current year.

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.