Fmr LLC lowered its holdings in Corecivic Inc (NYSE:CXW) by 35.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,285,556 shares of the real estate investment trust’s stock after selling 2,337,141 shares during the quarter. Fmr LLC owned approximately 3.60% of Corecivic worth $83,354,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CXW. Millennium Management LLC raised its holdings in shares of Corecivic by 117.2% in the 4th quarter. Millennium Management LLC now owns 1,055,851 shares of the real estate investment trust’s stock valued at $18,826,000 after purchasing an additional 569,811 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Corecivic by 211.3% in the 4th quarter. First Trust Advisors LP now owns 363,992 shares of the real estate investment trust’s stock valued at $6,490,000 after purchasing an additional 247,077 shares in the last quarter. LSV Asset Management raised its holdings in shares of Corecivic by 17.9% in the 1st quarter. LSV Asset Management now owns 1,524,613 shares of the real estate investment trust’s stock valued at $29,653,000 after purchasing an additional 231,500 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Corecivic by 1.6% in the 1st quarter. BlackRock Inc. now owns 14,556,986 shares of the real estate investment trust’s stock valued at $283,135,000 after purchasing an additional 225,471 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Corecivic by 94.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 372,603 shares of the real estate investment trust’s stock valued at $6,644,000 after purchasing an additional 180,656 shares in the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.
Shares of Corecivic stock opened at $20.84 on Friday. The stock has a 50 day moving average price of $22.39. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.03. Corecivic Inc has a 52-week low of $17.16 and a 52-week high of $26.09. The stock has a market cap of $2.57 billion, a P/E ratio of 9.02 and a beta of 1.18.
Corecivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). Corecivic had a return on equity of 12.72% and a net margin of 9.09%. The firm had revenue of $484.06 million during the quarter, compared to analysts’ expectations of $466.75 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that Corecivic Inc will post 2.5 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date is Friday, June 28th. Corecivic’s payout ratio is currently 76.19%.
Several research firms have recently commented on CXW. TheStreet upgraded shares of Corecivic from a “c+” rating to a “b-” rating in a report on Monday, June 10th. ValuEngine lowered shares of Corecivic from a “hold” rating to a “sell” rating in a report on Monday. Finally, Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, March 13th.
Corecivic Company Profile
CoreCivic 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 growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
Further Reading: Golden Cross
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