CoreCivic (NYSE:CXW) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

CoreCivic, Inc. (NYSE:CXW - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.76 and traded as high as $14.49. CoreCivic shares last traded at $14.45, with a volume of 1,008,245 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and set a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

CoreCivic Trading Up 1.1 %

The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 24.28 and a beta of 0.87. The company has a fifty day moving average price of $13.23 and a 200-day moving average price of $13.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.70.

CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million during the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. CoreCivic's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities research analysts predict that CoreCivic, Inc. will post 1.49 EPS for the current year.

Insider Buying and Selling at CoreCivic

In related news, insider David K. Churchill sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $13.61, for a total value of $204,150.00. Following the completion of the sale, the insider now directly owns 214,056 shares in the company, valued at approximately $2,913,302.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Damon T. Hininger sold 31,996 shares of the firm'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 sale, the chief executive officer now directly owns 788,266 shares of the company's stock, valued at approximately $9,853,325. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David K. Churchill sold 15,000 shares of CoreCivic stock in a transaction dated Friday, August 23rd. The stock was 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. Insiders have sold a total of 169,996 shares of company stock worth $2,177,640 over the last three months. Corporate insiders own 2.21% of the company's stock.

Hedge Funds Weigh In On CoreCivic

Several large investors have recently bought and sold shares of CXW. Headlands Technologies LLC acquired a new stake in shares of CoreCivic during the 2nd quarter worth approximately $29,000. nVerses Capital LLC acquired a new stake in CoreCivic during the second quarter worth $40,000. GAMMA Investing LLC increased its holdings in CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 1,632 shares during the period. EntryPoint Capital LLC bought a new stake in CoreCivic in the 1st quarter valued at $84,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of CoreCivic in the 1st quarter valued at $87,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

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.