.jpg "CoreCivic Inc (NYSE: CXW)")
Today, a Director at CoreCivic Inc (NYSE: CXW), Charles Overby, bought shares of CXW for $764.8K.
This recent transaction increases Charles Overby’s holding in the company by 327.31% to a total of $1.03 million. Following Charles Overby’s last CXW Buy transaction on August 22, 2016, the stock climbed by 8.6%.
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Based on CoreCivic Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $450 million and quarterly net profit of $39.2 million. In comparison, last year the company earned revenue of $436 million and had a net profit of $45.48 million. CXW’s market cap is $2.97B and the company has a P/E ratio of 18.59. Currently, CoreCivic Inc has an average volume of 1.01M.
Starting in February 2017, CXW received 5 Buy ratings in a row. Four different firms, including Barclays and Canaccord Genuity, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.75M worth of CXW shares and purchased $1.15M worth of CXW shares. The insider sentiment on CoreCivic Inc has been neutral according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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CoreCivic, Inc. operates as a government solutions company, which develops and manages prisons and other correctional facilities. Its services include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
