CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sells 25,000 shares

CoreCivic, Inc. (NYSE:CXW – Get Your Free Report ) CFO David Garfinkle sold 25,000 shares of CoreCivic stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $13.60, for a total value of $340,000.00. Following the completion of the sale, the chief financial officer now directly owns 326,528 shares in the company, valued at approximately $4,440,780.80. The sale was disclosed in a filing with the SEC, which is accessible via this hyperlink.

CoreCivic stocks rose 2.8%

Shares of CXW stock opened at $13.82 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44, and a debt-to-equity ratio of 0.70. The company has a 50 day moving average price of $13.13 and a two hundred day moving average price of $14.34. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 24.68 and a beta of 0.87. CoreCivic, Inc. has a 12-month low of $9.94 and a 12-month high of $16.54.

CoreCivic (NYSE:CXW – Get Your Free Report ) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The business had revenue of $490.11 million for the quarter, compared to the consensus estimate of $481.87 million. In the same quarter last year, the company posted earnings of $0.33 per share. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

Changes in Analyst Ratings

A number of equities research analysts have recently issued reports on CXW shares. StockNews.com lowered CoreCivic from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Wedbush reissued a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research report on Thursday, August 8th. Finally, Noble Financial downgraded CoreCivic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th.

Get the latest stock analysis on CoreCivic

Institutional inputs and outputs

Several hedge funds and other institutional investors have recently made changes to their positions in CXW. Goldman Sachs Group Inc. raised its stake in shares of CoreCivic by 1,050.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock worth $45,603,000 after acquiring an additional 2,865,763 shares during the period. Lee Danner & Bass Inc. bought a new stake in CoreCivic in the second quarter valued at $6,818,000. Teacher Retirement System of Texas boosted its stake in CoreCivic by 1,284.1% in the 4th quarter. Teacher Retirement System of Texas now owns 545,967 shares of the real estate investment trust’s stock valued at $7,933,000 after purchasing an additional 506,522 shares during the period. Courage Capital Management LLC bought a new stake in CoreCivic in the first quarter valued at $5,323,000. Finally, Nisa Investment Advisors LLC boosted its stake in CoreCivic by 85.8% in the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after buying an additional 185,075 shares during the period. 85.13% of shares are currently owned by institutional investors.

About CoreCivic

(Get a free report)

CoreCivic, Inc owns and operates correctional, detention and residential reentry facilities in partnership across 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 serving 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

Get news and reviews for CoreCivic Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CoreCivic and related companies with MarketBeat.com’s FREE daily email newsletter.