David Garfinkle Sells 7,500 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW – Get Rating) CFO David Garfinkle sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $11.43, for a total value of $85,725.00. Following the completion of the sale, the chief financial officer now owns 324,187 shares in the company, valued at $3,705,457.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

David Garfinkle also recently made the following trade(s):

• On Thursday, December 15th, David Garfinkle sold 7,500 shares of CoreCivic stock. The shares were sold at an average price of $11.61, for a total value of $87,075.00.
• On Tuesday, November 15th, David Garfinkle sold 7,500 shares of CoreCivic stock. The shares were sold at an average price of $11.29, for a total value of $84,675.00.

CoreCivic Stock Performance

NYSE:CXW opened at $11.00 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.12 and a current ratio of 1.12. CoreCivic, Inc. has a 52-week low of $8.39 and a 52-week high of $14.24. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.38 and a beta of 0.99. The business’s fifty day moving average is $11.82 and its 200 day moving average is $10.68.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in shares of CoreCivic during the 3rd quarter valued at $27,000. Quantbot Technologies LP bought a new stake in shares of CoreCivic during the 1st quarter valued at $36,000. Optimum Investment Advisors bought a new stake in shares of CoreCivic during the 4th quarter valued at $46,000. UBS Group AG raised its stake in shares of CoreCivic by 110.6% during the 2nd quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,829 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of CoreCivic during the 2nd quarter valued at $74,000. 80.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Friday, January 6th.

CoreCivic Company Profile

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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.