Stock Traders Purchase Large Volume of Put Options on CoreCivic (NYSE:CXW)

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CoreCivic, Inc. (NYSE:CXW) saw some unusual options trading on Wednesday. Investors bought 6,118 put options on the company. This represents an increase of approximately 910% compared to the typical volume of 606 put options.

CoreCivic stock opened at $7.51 on Thursday. The firm’s 50 day simple moving average is $8.31 and its 200-day simple moving average is $7.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.87 and a quick ratio of 1.87. CoreCivic has a fifty-two week low of $5.76 and a fifty-two week high of $14.44. The company has a market cap of $903.24 million, a P/E ratio of 7.36 and a beta of 1.23.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Tuesday, February 9th. The real estate investment trust reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.46). CoreCivic had a return on equity of 10.03% and a net margin of 6.37%. The firm had revenue of $473.50 million during the quarter, compared to analyst estimates of $473.07 million. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts expect that CoreCivic will post 2.14 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of CXW. Optimum Investment Advisors bought a new stake in shares of CoreCivic in the 4th quarter worth approximately $26,000. Veriti Management LLC acquired a new stake in CoreCivic during the 4th quarter valued at $31,000. Sowell Financial Services LLC lifted its position in CoreCivic by 76.8% during the 4th quarter. Sowell Financial Services LLC now owns 5,754 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 2,500 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of CoreCivic in the fourth quarter valued at approximately $45,000. Finally, GSA Capital Partners LLP bought a new stake in shares of CoreCivic during the fourth quarter worth $69,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

About CoreCivic

The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad 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.

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