Corecivic Inc (CXW) CEO Damon T. Hininger Sells 35,324 Shares of Stock
Corecivic Inc (NYSE:CXW) CEO Damon T. Hininger sold 35,324 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $25.75, for a total value of $909,593.00. Following the completion of the transaction, the chief executive officer now owns 260,082 shares in the company, valued at approximately $6,697,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:CXW opened at $24.57 on Tuesday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.81 and a beta of 1.04. Corecivic Inc has a 1 year low of $18.61 and a 1 year high of $27.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.
Corecivic (NYSE:CXW) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $449.93 million for the quarter, compared to analysts’ expectations of $435.61 million. Corecivic had a return on equity of 11.44% and a net margin of 8.99%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. analysts predict that Corecivic Inc will post 2.32 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Corecivic during the first quarter worth $165,000. Virtu Financial LLC purchased a new stake in shares of Corecivic during the second quarter worth $226,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Corecivic in the second quarter worth $226,000. Argent Trust Co purchased a new stake in shares of Corecivic in the second quarter worth $239,000. Finally, Pinebridge Investments L.P. raised its position in shares of Corecivic by 254.5% in the second quarter. Pinebridge Investments L.P. now owns 10,032 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 7,202 shares in the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.
Several research firms recently commented on CXW. TheStreet upgraded Corecivic from a “c” rating to a “b-” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Corecivic from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, June 20th. Finally, ValuEngine upgraded Corecivic from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. Corecivic currently has a consensus rating of “Buy” and a consensus price target of $32.67.
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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