CoreCivic Inc (NYSE:CXW), a company specializing in the ownership and management of private prisons and detention centers, recently experienced a significant transaction by an insider. Patrick Swindle, the company’s Chief Operating Officer, sold 15,000 shares on August 12, 2024. The transaction was filed with the SEC and can be viewed in detail in the SEC filing.
Following this sale, the insider now owns 203,504 shares of CoreCivic Inc. Over the past year, the insider has sold a total of 30,000 shares and made no purchases. This latest sale is part of a broader trend within the company, where there were 14 insider sales and no insider purchases over the past year.
On the day of the sale, CoreCivic Inc.’s stock price was $12.4. This price gives the company a market capitalization of approximately $1.37 billion. CoreCivic Inc.’s price-to-earnings ratio is 20.72, which is higher than both the industry median of 16.96 and the company’s historical median.
According to GF Value, the estimated intrinsic value of CoreCivic Inc. is $11.95 per share, which fairly values the stock at a price-to-GF Value ratio of 1.04. GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This insider sale may be of interest to investors who follow insider behavior as an indicator of the company’s future performance and valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
