Alpha Windward LLC raised its stake in shares of Corecivic Inc (NYSE:CXW) by 4,133.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,631 shares of the real estate investment trust’s stock after acquiring an additional 21,120 shares during the quarter. Alpha Windward LLC’s holdings in Corecivic were worth $526,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CXW. Virtu Financial LLC bought a new position in shares of Corecivic during the second quarter valued at $226,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Corecivic in the second quarter valued at $226,000. Argent Trust Co acquired a new stake in shares of Corecivic in the second quarter valued at $239,000. Pinebridge Investments L.P. increased its stake in shares of Corecivic by 254.5% in the second quarter. Pinebridge Investments L.P. now owns 10,032 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 7,202 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Corecivic in the second quarter valued at $272,000. 83.69% of the stock is owned by institutional investors.
Shares of NYSE:CXW traded down $0.33 during midday trading on Friday, reaching $21.85. The company’s stock had a trading volume of 584,481 shares, compared to its average volume of 714,768. Corecivic Inc has a fifty-two week low of $18.61 and a fifty-two week high of $26.09. The firm has a market cap of $2.61 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 1.14.
Corecivic (NYSE:CXW) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The business had revenue of $462.73 million during the quarter, compared to analyst estimates of $454.79 million. Corecivic had a net margin of 8.88% and a return on equity of 11.64%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, analysts anticipate that Corecivic Inc will post 2.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 7.87%. Corecivic’s payout ratio is 74.14%.
CXW has been the subject of a number of research reports. Zacks Investment Research lowered Corecivic from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine lowered Corecivic from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Corecivic presently has an average rating of “Hold” and a consensus target price of $32.67.
In related news, CEO Damon T. Hininger sold 35,324 shares of Corecivic stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $25.75, for a total value of $909,593.00. Following the completion of the sale, the chief executive officer now directly owns 260,082 shares in the company, valued at $6,697,111.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thurgood Marshall, Jr. sold 2,100 shares of Corecivic stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $25.95, for a total value of $54,495.00. Following the completion of the sale, the director now owns 31,221 shares of the company’s stock, valued at $810,184.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,136 shares of company stock valued at $2,319,353. Corporate insiders own 1.30% of the company’s stock.
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 growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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