CoreCivic (NYSE:CXW) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

CoreCivic, Inc. (NYSE:CXW) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.05 and traded as high as $22.99. CoreCivic shares last traded at $22.08, with a volume of 992,751 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Northland Securities increased their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th.

CoreCivic Price Performance

The stock has a fifty day moving average of $21.23 and a two-hundred day moving average of $16.05. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 32.96 and a beta of 1.01. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at approximately $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the transaction, the director now owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $2,389,880 in the last three months. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. River Road Asset Management LLC boosted its position in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after purchasing an additional 40,365 shares during the last quarter. FMR LLC boosted its position in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp boosted its position in shares of CoreCivic by 0.4% in the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock worth $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CoreCivic by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after purchasing an additional 35,591 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors.

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.