CoreCivic Target of Unusually Large Options Trading (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW) saw unusually large options trading on Monday. Stock investors bought 3,274 call options on the stock. This is an increase of 106% compared to the average volume of 1,588 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Northland Securities boosted their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday. Wedbush restated a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a research report on Friday, September 13th.

Insiders Place Their Bets

In other CoreCivic news, EVP Lucibeth Mayberry sold 40,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.63, for a total value of $505,200.00. Following the transaction, the executive vice president now directly owns 223,733 shares of the company’s stock, valued at $2,825,747.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CoreCivic news, CEO Damon T. Hininger sold 31,996 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.50, for a total value of $399,950.00. Following the transaction, the chief executive officer now directly owns 788,266 shares of the company’s stock, valued at $9,853,325. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lucibeth Mayberry sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $12.63, for a total value of $505,200.00. Following the sale, the executive vice president now owns 223,733 shares in the company, valued at approximately $2,825,747.79. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,996 shares of company stock valued at $1,549,940 in the last three months. Company insiders own 1.89% of the company’s stock.

Hedge Funds Weigh In On CoreCivic

Several hedge funds have recently added to or reduced their stakes in the stock. River Road Asset Management LLC lifted its stake in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after buying an additional 40,365 shares during the period. abrdn plc increased its holdings in shares of CoreCivic by 8.7% in the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock worth $13,047,000 after acquiring an additional 82,500 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of CoreCivic by 11.4% in the first quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust’s stock worth $8,277,000 after acquiring an additional 54,377 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of CoreCivic in the second quarter worth about $6,818,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CoreCivic by 85.8% in the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after acquiring an additional 185,075 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Price Performance

CoreCivic stock opened at $23.94 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.44 and a current ratio of 1.51. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99. The firm has a market cap of $2.64 billion, a P/E ratio of 35.73 and a beta of 0.86. The business’s fifty day moving average is $13.89 and its two-hundred day moving average is $13.89.

CoreCivic Company Profile

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.