CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande Sells 15,000 Shares

CoreCivic, Inc. (NYSE:CXW) EVP Anthony L. Grande sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the sale, the executive vice president now directly owns 168,380 shares of the company’s stock, valued at approximately $2,611,573.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CoreCivic Trading Up 0.6 %

NYSE:CXW opened at $15.64 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. CoreCivic, Inc. has a one year low of $8.27 and a one year high of $16.24. The business’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $14.64. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 27.93 and a beta of 0.81.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). CoreCivic had a return on equity of 5.74% and a net margin of 3.34%. The business had revenue of $500.69 million during the quarter, compared to analyst estimates of $477.93 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that CoreCivic, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CXW has been the subject of several analyst reports. StockNews.com downgraded CoreCivic from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Wedbush reaffirmed an “outperform” rating and issued a $19.00 target price on shares of CoreCivic in a research report on Thursday, May 9th. Finally, Northland Securities boosted their price target on CoreCivic from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in CoreCivic during the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in CoreCivic during the fourth quarter valued at approximately $32,000. USA Financial Formulas acquired a new stake in CoreCivic during the fourth quarter valued at approximately $69,000. EntryPoint Capital LLC acquired a new stake in CoreCivic during the first quarter valued at approximately $84,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in CoreCivic during the first quarter valued at approximately $87,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

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.