Anthony L. Grande Sells 10,000 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 10,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $22.22, for a total transaction of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at $4,012,020.98. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CoreCivic Trading Down 0.9%

CXW stock opened at $22.38 on Thursday. The company has a market capitalization of $2.44 billion, a PE ratio of 36.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company’s 50-day simple moving average is $21.33 and its 200 day simple moving average is $20.89.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

CXW has been the topic of several research reports. Wedbush restated an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

Institutional Investors Weigh In On CoreCivic

A number of large investors have recently bought and sold shares of CXW. Meeder Asset Management Inc. acquired a new stake in CoreCivic during the fourth quarter worth about $43,000. Smartleaf Asset Management LLC grew its stake in CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,859 shares in the last quarter. Copia Wealth Management acquired a new stake in CoreCivic during the fourth quarter worth about $82,000. Russell Investments Group Ltd. grew its stake in CoreCivic by 86,300.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 4,315 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of CoreCivic by 10.0% in the first quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 470 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

About CoreCivic

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.