Traders Buy Large Volume of Call Options on CoreCivic (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW - Get Free Report) saw unusually large options trading on Monday. Investors bought 3,274 call options on the company. This is an increase of 106% compared to the average volume of 1,588 call options.

Insider Buying and Selling

In other CoreCivic news, CEO Damon T. Hininger sold 31,996 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $12.50, for a total value of $399,950.00. Following the completion of the sale, the chief executive officer now owns 788,266 shares in the company, valued at $9,853,325. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Damon T. Hininger sold 31,996 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total transaction of $399,950.00. Following the sale, the chief executive officer now directly owns 788,266 shares in the company, valued at $9,853,325. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David K. Churchill sold 15,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $13.61, for a total value of $204,150.00. Following the completion of the transaction, the insider now owns 214,056 shares in the company, valued at $2,913,302.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,996 shares of company stock valued at $1,549,940. 1.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On CoreCivic

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXW. Allspring Global Investments Holdings LLC purchased a new stake in CoreCivic during the 1st quarter worth approximately $87,000. BNP Paribas Financial Markets lifted its holdings in CoreCivic by 159.3% in the 1st quarter. BNP Paribas Financial Markets now owns 115,555 shares of the real estate investment trust's stock valued at $1,804,000 after purchasing an additional 70,999 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in CoreCivic by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 99,426 shares of the real estate investment trust's stock worth $1,552,000 after acquiring an additional 1,330 shares during the last quarter. SG Americas Securities LLC acquired a new stake in CoreCivic in the 1st quarter valued at about $140,000. Finally, ProShare Advisors LLC boosted its holdings in shares of CoreCivic by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 22,927 shares of the real estate investment trust's stock worth $358,000 after purchasing an additional 1,578 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CXW. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday. Wedbush reiterated a "neutral" rating and issued a $14.00 price target on shares of CoreCivic in a research report on Friday, September 13th.

CoreCivic Stock Up 6.3 %

Shares of CXW traded up $1.42 during mid-day trading on Monday, hitting $23.94. The company's stock had a trading volume of 3,258,681 shares, compared to its average volume of 987,235. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 35.73 and a beta of 0.86. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.66. CoreCivic has a 52-week low of $10.74 and a 52-week high of $24.99. The company's 50-day moving average is $13.89 and its 200-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.