Insider Selling: CoreCivic, Inc. (NYSE:CXW) Director Sells 10,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director Anne L. Mariucci sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now owns 101,936 shares of the company’s stock, valued at $2,446,464. This trade represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreCivic Price Performance

CoreCivic stock opened at $21.44 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The stock has a market capitalization of $2.36 billion, a P/E ratio of 31.99 and a beta of 0.86. The stock has a fifty day moving average of $14.23 and a 200-day moving average of $13.99.

Wall Street Analysts Forecast Growth

CXW has been the subject of a number of research reports. Northland Securities lifted their target price 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 issued a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th.

Hedge Funds Weigh In On CoreCivic

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXW. Headlands Technologies LLC acquired a new stake in shares of CoreCivic during the 2nd quarter valued at $29,000. nVerses Capital LLC bought a new position in CoreCivic during the 2nd quarter worth $40,000. GAMMA Investing LLC lifted its holdings in CoreCivic by 77.7% during the 3rd 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 during the period. EntryPoint Capital LLC acquired a new stake in shares of CoreCivic in the first quarter valued at about $84,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of CoreCivic during the first quarter worth about $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.