Corecivic Inc (NYSE:CXW) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.70 and last traded at $14.72, with a volume of 3080 shares traded. The stock had previously closed at $14.92.
Separately, ValuEngine upgraded shares of Corecivic from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th.
The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.10. The stock has a 50 day simple moving average of $15.56 and a 200-day simple moving average of $18.11. The firm has a market cap of $1.80 billion, a PE ratio of 6.45 and a beta of 1.00.
In other news, Director Thurgood Marshall, Jr. sold 7,600 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $17.65, for a total value of $134,140.00. Following the completion of the transaction, the director now owns 32,057 shares of the company’s stock, valued at $565,806.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC bought a new stake in Corecivic in the 2nd quarter valued at $32,534,000. Renaissance Technologies LLC grew its position in shares of Corecivic by 30.5% during the second quarter. Renaissance Technologies LLC now owns 3,885,300 shares of the real estate investment trust’s stock valued at $80,659,000 after purchasing an additional 908,200 shares in the last quarter. Millennium Management LLC grew its position in shares of Corecivic by 710.5% during the third quarter. Millennium Management LLC now owns 693,367 shares of the real estate investment trust’s stock valued at $11,981,000 after purchasing an additional 607,824 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of Corecivic in the second quarter worth about $9,708,000. Finally, Prudential Financial Inc. increased its holdings in shares of Corecivic by 9.8% in the second quarter. Prudential Financial Inc. now owns 3,479,537 shares of the real estate investment trust’s stock worth $72,235,000 after purchasing an additional 310,453 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.
About Corecivic (NYSE:CXW)
CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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