Damon T. Hininger Sells 50,525 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXWGet Free Report) CEO Damon T. Hininger sold 50,525 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $14.62, for a total value of $738,675.50. Following the completion of the transaction, the chief executive officer now owns 820,262 shares in the company, valued at $11,992,230.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CoreCivic Stock Down 0.1 %

CXW stock traded down $0.01 during midday trading on Monday, hitting $14.86. 577,310 shares of the company’s stock were exchanged, compared to its average volume of 966,675. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.73. CoreCivic, Inc. has a 12-month low of $7.84 and a 12-month high of $15.38. The firm has a 50 day moving average price of $14.37 and a 200-day moving average price of $13.13. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 25.20 and a beta of 0.81.

CoreCivic (NYSE:CXWGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.17). CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $489.62 million. On average, analysts anticipate that CoreCivic, Inc. will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in CoreCivic by 71.6% during the 1st quarter. JPMorgan Chase & Co. now owns 907,088 shares of the real estate investment trust’s stock valued at $10,132,000 after purchasing an additional 378,577 shares during the period. Bank of New York Mellon Corp boosted its position in CoreCivic by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,357,892 shares of the real estate investment trust’s stock worth $15,167,000 after acquiring an additional 19,927 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in CoreCivic by 148.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 42,524 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 25,417 shares during the period. Citigroup Inc. boosted its position in CoreCivic by 8.4% during the 1st quarter. Citigroup Inc. now owns 115,840 shares of the real estate investment trust’s stock worth $1,294,000 after acquiring an additional 8,990 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in CoreCivic by 158.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,253 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 13,641 shares during the period. Institutional investors and hedge funds own 80.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CXW shares. Wedbush raised their target price on CoreCivic from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com downgraded CoreCivic from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

View Our Latest Research Report on CoreCivic

CoreCivic Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CoreCivic (NYSE:CXW)

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