Insider Selling: CoreCivic, Inc. (NYSE:CXW) Director Sells 16,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the sale, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CoreCivic Stock Up 0.8 %

CoreCivic stock opened at $21.98 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 32.81 and a beta of 0.86. The company’s 50-day moving average is $15.25 and its 200-day moving average is $14.26. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. River Road Asset Management LLC grew its stake in CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after buying an additional 40,365 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after buying an additional 185,075 shares during the last quarter. Resolute Capital Asset Partners LLC acquired a new position in CoreCivic in the 2nd quarter valued at about $649,000. Dimensional Fund Advisors LP acquired a new position in CoreCivic in the 2nd quarter valued at about $1,115,000. Finally, Courage Capital Management LLC grew its stake in CoreCivic by 15.4% in the 2nd quarter. Courage Capital Management LLC now owns 393,491 shares of the real estate investment trust’s stock valued at $5,108,000 after buying an additional 52,491 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on CXW shares. Northland Securities boosted their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush restated a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th.

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.