CoreCivic, Inc. (NYSE:CXW) CEO Sells $661,811.84 in Stock

CoreCivic, Inc. (NYSE:CXWGet Rating) CEO Damon T. Hininger sold 57,952 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $11.42, for a total transaction of $661,811.84. Following the transaction, the chief executive officer now owns 652,334 shares in the company, valued at approximately $7,449,654.28. The sale was disclosed in a filing with the SEC, which is available at this link.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $12.14 on Friday. CoreCivic, Inc. has a twelve month low of $8.39 and a twelve month high of $14.24. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.40 billion, a PE ratio of 11.45 and a beta of 0.89. The company’s 50 day moving average is $10.03 and its 200 day moving average is $10.68.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd.

Institutional Trading of CoreCivic

Several large investors have recently made changes to their positions in the business. Byrne Asset Management LLC acquired a new position in CoreCivic during the third quarter valued at $27,000. Quantbot Technologies LP purchased a new position in shares of CoreCivic during the 1st quarter valued at about $36,000. UBS Group AG lifted its holdings in shares of CoreCivic by 110.6% in the 2nd quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 2,829 shares during the period. Captrust Financial Advisors purchased a new stake in shares of CoreCivic in the second quarter worth about $74,000. Finally, Optimum Investment Advisors grew its holdings in CoreCivic by 75.0% during the second quarter. Optimum Investment Advisors now owns 7,000 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,000 shares during the period. 86.46% of the stock is owned by hedge funds and other institutional investors.

About CoreCivic

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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.

Further Reading

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

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