Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Corecivic Inc (NYSE:CXW) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,089 shares of the real estate investment trust’s stock after selling 7,909 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Corecivic were worth $586,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CXW. Principal Financial Group Inc. raised its stake in Corecivic by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 517,884 shares of the real estate investment trust’s stock worth $10,109,000 after purchasing an additional 12,812 shares in the last quarter. Acadian Asset Management LLC raised its stake in Corecivic by 284.9% in the 2nd quarter. Acadian Asset Management LLC now owns 29,154 shares of the real estate investment trust’s stock worth $696,000 after purchasing an additional 21,580 shares in the last quarter. Aperio Group LLC raised its stake in Corecivic by 10.8% in the 2nd quarter. Aperio Group LLC now owns 41,210 shares of the real estate investment trust’s stock worth $985,000 after purchasing an additional 4,024 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Corecivic in the 2nd quarter worth about $226,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Corecivic by 75.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 71,629 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 30,740 shares in the last quarter. Hedge funds and other institutional investors own 81.67% of the company’s stock.
Several analysts have weighed in on CXW shares. Zacks Investment Research cut shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. ValuEngine cut shares of Corecivic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Finally, Wells Fargo & Co set a $24.00 target price on shares of Corecivic and gave the company a “hold” rating in a research report on Monday, December 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.33.
Shares of NYSE:CXW opened at $22.12 on Friday. The company has a market capitalization of $2.54 billion, a PE ratio of 9.53, a PEG ratio of 1.56 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. Corecivic Inc has a 12 month low of $18.61 and a 12 month high of $26.09.
Corecivic (NYSE:CXW) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm 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%. Corecivic’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, research analysts expect that Corecivic Inc will post 2.3 EPS for the current year.
In other news, CEO Damon T. Hininger sold 35,324 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $25.75, for a total value of $909,593.00. Following the completion of the transaction, the chief executive officer now directly owns 260,082 shares in the company, valued at approximately $6,697,111.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Garfinkle sold 5,010 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $21.70, for a total transaction of $108,717.00. Following the completion of the transaction, the chief financial officer now owns 105,082 shares of the company’s stock, valued at $2,280,279.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
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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