CoreCivic (NYSE:CXW) Stock Price Up 1.5%

Shares of CoreCivic, Inc. (NYSE:CXWGet Rating) rose 1.5% on Friday . The stock traded as high as $9.84 and last traded at $9.72. Approximately 12,434 shares traded hands during trading, a decline of 99% from the average daily volume of 935,478 shares. The stock had previously closed at $9.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Friday, August 12th.

CoreCivic Stock Performance

The firm has a market capitalization of $1.15 billion, a PE ratio of 13.34 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $10.18 and its two-hundred day moving average price is $10.97.

Insider Activity at CoreCivic

In related news, Director Thurgood Marshall, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $9.61, for a total value of $72,075.00. Following the transaction, the director now owns 42,047 shares in the company, valued at $404,071.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director John R. Prann, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $10.05, for a total value of $50,250.00. Following the transaction, the director now owns 86,267 shares in the company, valued at $866,983.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thurgood Marshall, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $9.61, for a total transaction of $72,075.00. Following the completion of the transaction, the director now owns 42,047 shares in the company, valued at approximately $404,071.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock worth $975,075. Company insiders own 1.93% of the company’s stock.

Institutional Trading of CoreCivic

Hedge funds have recently made changes to their positions in the company. Raymond James & Associates raised its stake in shares of CoreCivic by 16.5% during the first quarter. Raymond James & Associates now owns 612,371 shares of the real estate investment trust’s stock valued at $6,840,000 after purchasing an additional 86,757 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of CoreCivic by 28.7% during the first quarter. Mercer Global Advisors Inc. ADV now owns 14,543 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 3,244 shares during the period. Profund Advisors LLC raised its stake in shares of CoreCivic by 24.1% during the first quarter. Profund Advisors LLC now owns 16,667 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 3,241 shares during the period. State of Tennessee Treasury Department raised its stake in shares of CoreCivic by 39.7% during the first quarter. State of Tennessee Treasury Department now owns 72,862 shares of the real estate investment trust’s stock valued at $814,000 after purchasing an additional 20,702 shares during the period. Finally, Hourglass Capital LLC raised its stake in shares of CoreCivic by 8.4% during the first quarter. Hourglass Capital LLC now owns 243,375 shares of the real estate investment trust’s stock valued at $2,718,000 after purchasing an additional 18,905 shares during the period. Hedge funds and other institutional investors own 86.46% of the company’s stock.

CoreCivic Company Profile

(Get Rating)

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

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