CoreCivic, Inc. (NYSE:CXW) Sees Large Growth in Short Interest

CoreCivic, Inc. (NYSE:CXWGet Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,630,000 shares, an increase of 16.3% from the February 29th total of 3,980,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average trading volume of 963,400 shares, the days-to-cover ratio is presently 4.8 days.

Insider Activity

In other news, EVP Anthony L. Grande sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $14.50, for a total value of $217,500.00. Following the completion of the sale, the executive vice president now directly owns 186,692 shares of the company’s stock, valued at approximately $2,707,034. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CoreCivic news, CEO Damon T. Hininger sold 50,525 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $14.62, for a total value of $738,675.50. Following the completion of the sale, the chief executive officer now owns 820,262 shares in the company, valued at approximately $11,992,230.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction on Monday, February 26th. The shares were sold at an average price of $14.50, for a total value of $217,500.00. Following the completion of the sale, the executive vice president now directly owns 186,692 shares of the company’s stock, valued at $2,707,034. The disclosure for this sale can be found here. Corporate insiders own 1.89% of the company’s stock.

Institutional Trading of CoreCivic

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of CoreCivic by 1,050.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock valued at $45,603,000 after buying an additional 2,865,763 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of CoreCivic by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 209,189 shares of the real estate investment trust’s stock worth $3,041,000 after acquiring an additional 25,114 shares during the last quarter. Barclays PLC boosted its stake in shares of CoreCivic by 217.8% during the 4th quarter. Barclays PLC now owns 179,304 shares of the real estate investment trust’s stock worth $2,606,000 after acquiring an additional 122,886 shares during the last quarter. No Street GP LP bought a new stake in shares of CoreCivic during the 4th quarter valued at $14,530,000. Finally, Nuveen Asset Management LLC raised its position in shares of CoreCivic by 85.7% during the 4th quarter. Nuveen Asset Management LLC now owns 576,354 shares of the real estate investment trust’s stock valued at $8,374,000 after purchasing an additional 266,015 shares during the period. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CXW. Northland Securities boosted their price target on CoreCivic from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Wedbush reaffirmed an “outperform” rating and issued a $18.00 target price on shares of CoreCivic in a research report on Thursday, March 21st. Finally, StockNews.com cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd.

View Our Latest Stock Analysis on CXW

CoreCivic Stock Performance

Shares of NYSE:CXW traded down $0.28 during mid-day trading on Tuesday, reaching $15.26. The company had a trading volume of 853,328 shares, compared to its average volume of 985,048. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $13.71. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.73. CoreCivic has a one year low of $7.84 and a one year high of $16.24. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 25.86 and a beta of 0.81.

CoreCivic (NYSE:CXWGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.17). CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $489.62 million. As a group, equities research analysts anticipate that CoreCivic will post 1.3 EPS for the current fiscal year.

About CoreCivic

(Get Free Report)

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.

Featured Stories

Receive News & Ratings 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.