David Garfinkle Sells 50,000 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 50,000 shares of CoreCivic stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the completion of the sale, the chief financial officer now directly owns 276,528 shares in the company, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 23rd, David Garfinkle sold 25,000 shares of CoreCivic stock. The shares were sold at an average price of $13.60, for a total transaction of $340,000.00.

CoreCivic Stock Performance

Shares of CXW stock opened at $21.44 on Friday. The stock has a fifty day moving average price of $14.23 and a 200 day moving average price of $13.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $2.36 billion, a PE ratio of 31.99 and a beta of 0.86. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

Institutional Investors Weigh In On CoreCivic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in CoreCivic during the second quarter worth about $29,000. nVerses Capital LLC purchased a new position in shares of CoreCivic during the 2nd quarter worth approximately $40,000. GAMMA Investing LLC raised its position in shares of CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,632 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in CoreCivic in the 1st quarter valued at approximately $84,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in CoreCivic during the first quarter worth $87,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CXW. Wedbush restated a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities increased their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.