Corecivic Inc (CXW) EVP Lucibeth Mayberry Sells 6,236 Shares

Corecivic Inc (CXW) EVP Lucibeth Mayberry Sells 6,236 Shares

Lucibeth Mayberry also recently made the following trade(s):

Corecivic Inc (NYSE:CXW) EVP Lucibeth Mayberry sold 6,236 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $30.41, for a total value of $189,636.76. Following the completion of the sale, the executive vice president now directly owns 51,851 shares in the company, valued at $1,576,788.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Corecivic Inc (CXW) traded down 2.61% during trading on Wednesday, reaching $28.75. The company had a trading volume of 1,384,474 shares. The stock has a 50 day moving average of $32.78 and a 200-day moving average of $29.37. Corecivic Inc has a 12-month low of $12.99 and a 12-month high of $35.33. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.13 and a beta of 0.99.

Corecivic (NYSE:CXW) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. The company had revenue of $445.70 million during the quarter, compared to the consensus estimate of $446.12 million. Corecivic had a net margin of 11.89% and a return on equity of 15.26%. Corecivic’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. On average, analysts forecast that Corecivic Inc will post $1.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be paid a $0.42 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.68 annualized dividend and a yield of 5.84%. Corecivic’s dividend payout ratio (DPR) is 89.84%.

A number of large investors have recently made changes to their positions in CXW. Hartford Investment Management Co. bought a new stake in Corecivic during the first quarter valued at approximately $1,505,000. FMR LLC increased its stake in Corecivic by 332.7% in the fourth quarter. FMR LLC now owns 3,413,693 shares of the real estate investment trust’s stock valued at $83,499,000 after buying an additional 2,624,693 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Corecivic during the fourth quarter valued at approximately $1,301,000. Comerica Bank increased its stake in Corecivic by 6.9% in the fourth quarter. Comerica Bank now owns 88,632 shares of the real estate investment trust’s stock valued at $2,413,000 after buying an additional 5,716 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Corecivic by 27.2% in the first quarter. State of Alaska Department of Revenue now owns 56,440 shares of the real estate investment trust’s stock valued at $1,773,000 after buying an additional 12,060 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research raised Corecivic from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, May 22nd. Canaccord Genuity set a $36.00 price target on Corecivic and gave the stock a “buy” rating in a research report on Friday, May 19th. Deutsche Bank AG boosted their price target on Corecivic from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Corecivic in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.75.

Corecivic Company Profile

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CXW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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