Insider Selling: CoreCivic, Inc. (NYSE:CXW) EVP Sells 26,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreCivic Stock Up 3.6 %

Shares of NYSE:CXW traded up $0.79 during midday trading on Wednesday, hitting $22.73. 1,018,111 shares of the company’s stock were exchanged, compared to its average volume of 1,009,589. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market cap of $2.51 billion, a PE ratio of 32.76 and a beta of 0.86. The stock has a 50 day moving average price of $15.77 and a 200-day moving average price of $14.39.

Wall Street Analysts Forecast Growth

CXW has been the topic of several recent research reports. Northland Securities increased 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 reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in shares of CoreCivic in the third quarter valued at approximately $139,000. Virtu Financial LLC purchased a new stake in CoreCivic in the 3rd quarter valued at $236,000. Geode Capital Management LLC lifted its stake in CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock valued at $32,517,000 after acquiring an additional 18,410 shares in the last quarter. Barclays PLC boosted its holdings in CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after acquiring an additional 139,631 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of CoreCivic by 22.5% in the 3rd quarter. National Bank of Canada FI now owns 761,492 shares of the real estate investment trust’s stock worth $9,633,000 after acquiring an additional 140,000 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

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.