CoreCivic, Inc. (NYSE:CXW) Director Anne L. Mariucci Sells 10,000 Shares

CoreCivic, Inc. (NYSE:CXW) Director Anne L. Mariucci sold 10,000 shares of CoreCivic stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 101,936 shares in the company, valued at approximately $2,446,464. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CoreCivic Stock Down 7.6 %

NYSE CXW traded down $1.81 on Tuesday, reaching $22.13. The company had a trading volume of 2,325,280 shares, compared to its average volume of 993,433. The firm has a 50-day moving average of $13.89 and a 200-day moving average of $13.89. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market capitalization of $2.44 billion, a PE ratio of 33.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.44.

Hedge Funds Weigh In On CoreCivic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lee Danner & Bass Inc. acquired a new position in shares of CoreCivic during the 2nd quarter valued at about $6,818,000. Courage Capital Management LLC bought a new position in CoreCivic in the 1st quarter valued at $5,323,000. SG Americas Securities LLC raised its position in CoreCivic by 1,740.4% in the 3rd quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock valued at $3,733,000 after purchasing an additional 279,095 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of CoreCivic by 102.2% during the second quarter. Marshall Wace LLP now owns 213,880 shares of the real estate investment trust’s stock worth $2,776,000 after acquiring an additional 108,079 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CXW. Wedbush reissued a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th. Northland Securities increased their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday.

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.