CoreCivic, Inc. (NYSE:CXW) Director Sells $86,760.00 in Stock

CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director Stacia Hylton sold 4,000 shares of CoreCivic stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $21.69, for a total transaction of $86,760.00. Following the completion of the sale, the director now owns 82,969 shares in the company, valued at approximately $1,799,597.61. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CoreCivic Price Performance

Shares of CoreCivic stock traded up $0.04 during trading on Tuesday, hitting $21.96. The stock had a trading volume of 858,488 shares, compared to its average volume of 1,160,913. The business has a fifty day moving average of $21.65 and a two-hundred day moving average of $21.03. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm has a market cap of $2.40 billion, a P/E ratio of 36.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm had revenue of $488.60 million for the quarter, compared to analysts' expectations of $478.49 million. During the same period in the previous year, the business earned $0.46 earnings per share. CoreCivic's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CXW shares. Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Wall Street Zen cut shares of CoreCivic from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in CoreCivic during the fourth quarter worth approximately $43,000. Smartleaf Asset Management LLC lifted its position in shares of CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 1,859 shares during the last quarter. Copia Wealth Management acquired a new stake in shares of CoreCivic during the 4th quarter valued at $82,000. Russell Investments Group Ltd. boosted its stake in shares of CoreCivic by 86,300.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 4,315 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of CoreCivic by 10.0% in the 1st 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.

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.