Short Interest in CoreCivic, Inc. (NYSE:CXW) Expands By 5.5%

CoreCivic, Inc. (NYSE:CXW) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,430,000 shares, an increase of 5.5% from the October 31st total of 3,250,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.2% of the shares of the stock are short sold.

CoreCivic Trading Down 1.2 %

CXW stock traded down $0.25 during trading on Tuesday, hitting $21.39. 380,067 shares of the company traded hands, compared to its average volume of 1,011,826. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a 50-day moving average of $16.53 and a 200-day moving average of $14.59. The firm has a market capitalization of $2.36 billion, a PE ratio of 32.30 and a beta of 1.02.

Insider Buying and Selling

In related news, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares of the company’s stock, valued at $2,614,715.26. This trade represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne L. Mariucci sold 10,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now directly owns 101,936 shares of the company’s stock, valued at approximately $2,446,464. The trade was a 8.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $2,490,520 in the last ninety days. 2.21% of the stock is owned by insiders.

Institutional Trading of CoreCivic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in CoreCivic by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 214,736 shares of the real estate investment trust’s stock valued at $3,353,000 after buying an additional 5,547 shares during the period. SG Americas Securities LLC grew its holdings in CoreCivic by 79.3% in the second quarter. SG Americas Securities LLC now owns 16,036 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 7,094 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of CoreCivic by 21.8% during the second quarter. Wedge Capital Management L L P NC now owns 97,309 shares of the real estate investment trust’s stock valued at $1,263,000 after purchasing an additional 17,385 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 valued at $5,204,000 after purchasing an additional 185,075 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of CoreCivic by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust’s stock worth $1,033,000 after purchasing an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

CXW has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th. Northland Securities increased their target price 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.