On August 14, 2024, Damon Hininger, President and Chief Executive Officer of CoreCivic Inc (CXW, Financial), executed a sale of 31,996 shares of the company, according to the SEC Filing. Post-transaction, the insider owns 788,266 shares of the company.
CoreCivic Inc is a diversified government solutions company providing corrections and detention management, community reentry services, and government real estate solutions. The company operates facilities that include a range of services for government partners that are designed to offer safe and cost-effective solutions to government challenges.
Over the past year, Damon Hininger has sold a total of 82,521 shares of CoreCivic Inc and has not made any purchases. The company's insider transaction history shows a total of 17 insider sells and no insider buys over the past year.
Shares of CoreCivic Inc were trading at $12.5 on the day of the sale. The company's market cap is approximately $1.421 billion. The price-earnings ratio stands at 21.48, which is above both the industry median of 17.035 and the company’s historical median.
The stock's GF Value is estimated at $11.96, leading to a price-to-GF-Value ratio of 1.05, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
