Short Interest in CoreCivic, Inc. (NYSE:CXW) Increases By 5.5%

CoreCivic, Inc. (NYSE:CXW) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 3,430,000 shares, an increase of 5.5% from the October 31st total of 3,250,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

A number of research firms recently weighed in on CXW. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th. Northland Securities increased their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

CoreCivic Trading Up 0.2 %

CXW traded up $0.05 during mid-day trading on Wednesday, reaching $21.40. The stock had a trading volume of 517,290 shares, compared to its average volume of 1,013,081. The stock has a market capitalization of $2.36 billion, a P/E ratio of 31.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s fifty day simple moving average is $16.70 and its two-hundred day simple moving average is $14.63. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99.

Insider Buying and Selling at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This trade represents a 3.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock valued at $2,490,520 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of CoreCivic in the 2nd quarter worth $6,818,000. SG Americas Securities LLC boosted its position in shares of CoreCivic by 1,740.4% in the 3rd quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock worth $3,733,000 after purchasing an additional 279,095 shares during the last quarter. Invenomic Capital Management LP boosted its position in shares of CoreCivic by 28.7% in the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after purchasing an additional 228,803 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of CoreCivic in the 3rd quarter worth $2,810,000. Finally, Weiss Asset Management LP boosted its position in shares of CoreCivic by 74.3% in the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock worth $6,308,000 after purchasing an additional 212,569 shares during the last quarter. 85.13% of the stock is currently 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.