Corecivic Inc (NYSE:CXW) Shares Sold by Fmr LLC

FMR LLC reduced its holdings in Corecivic Inc (NYSE:CXW) by 35.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,285,556 shares of the real estate investment trust’s stock after selling 2,337,141 shares during the period. FMR LLC owned approximately 3.60% of Corecivic worth $83,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of Corecivic by 17.1% in the first quarter. Advisory Services Network LLC now owns 3,591 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 524 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Corecivic by 1.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 47,474 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 581 shares during the period. Retirement Systems of Alabama raised its stake in Corecivic by 0.4% during the first quarter. Retirement Systems of Alabama now owns 154,494 shares of the real estate investment trust’s stock worth $3,005,000 after purchasing an additional 618 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Corecivic by 0.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 78,600 shares of the real estate investment trust’s stock worth $1,529,000 after purchasing an additional 700 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Corecivic by 6.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,310 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 705 shares during the period. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CXW traded down $0.37 during trading on Friday, reaching $16.63. 1,180,174 shares of the company traded hands, compared to its average volume of 1,266,545. Corecivic Inc has a twelve month low of $16.60 and a twelve month high of $26.09. The firm has a market cap of $1.98 billion, a PE ratio of 7.20 and a beta of 1.09. The business’s 50-day moving average is $21.15. 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 (NYSE:CXW) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). The business had revenue of $484.06 million during the quarter, compared to analyst estimates of $466.75 million. Corecivic had a net margin of 9.09% and a return on equity of 12.72%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Sell-side analysts predict that Corecivic Inc will post 2.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.76 dividend on an annualized basis and a yield of 10.58%. Corecivic’s dividend payout ratio is currently 76.19%.

A number of equities analysts have commented on CXW shares. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet downgraded shares of United Financial Bancorp from a “b-” rating to a “c” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.

Corecivic 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.

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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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