Fmr LLC raised its stake in Corecivic Inc (NYSE:CXW) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,140,571 shares of the real estate investment trust’s stock after buying an additional 950,910 shares during the period. Fmr LLC owned approximately 6.02% of Corecivic worth $173,732,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of CXW. BlackRock Inc. increased its holdings in shares of Corecivic by 27.7% in the second quarter. BlackRock Inc. now owns 13,789,027 shares of the real estate investment trust’s stock valued at $329,422,000 after buying an additional 2,988,840 shares in the last quarter. Capital Growth Management LP bought a new position in shares of Corecivic in the third quarter valued at $29,561,000. Northern Trust Corp increased its holdings in shares of Corecivic by 57.8% in the second quarter. Northern Trust Corp now owns 1,952,332 shares of the real estate investment trust’s stock valued at $46,641,000 after buying an additional 714,970 shares in the last quarter. LSV Asset Management increased its holdings in shares of Corecivic by 79.6% in the third quarter. LSV Asset Management now owns 986,865 shares of the real estate investment trust’s stock valued at $24,010,000 after buying an additional 437,500 shares in the last quarter. Finally, Global X Management Co LLC bought a new position in shares of Corecivic in the second quarter valued at $9,753,000. 81.67% of the stock is currently owned by institutional investors.
In other Corecivic news, CFO David Garfinkle sold 5,010 shares of Corecivic 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 transaction, the chief financial officer now directly owns 105,082 shares in the company, valued at approximately $2,280,279.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Damon T. Hininger sold 35,324 shares of Corecivic stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $25.75, for a total transaction of $909,593.00. Following the transaction, the chief executive officer now owns 260,082 shares in the company, valued at $6,697,111.50. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
NYSE CXW opened at $22.12 on Friday. Corecivic Inc has a twelve month low of $18.61 and a twelve month high of $26.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.56 and a beta of 1.05.
Corecivic (NYSE:CXW) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). Corecivic had a return on equity of 11.64% and a net margin of 8.88%. The firm had revenue of $462.73 million for the quarter, compared to analysts’ expectations of $454.79 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Corecivic Inc will post 2.3 earnings per share for the current year.
CXW has been the topic of several research analyst reports. Zacks Investment Research cut shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. 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 price objective on shares of Corecivic and gave the stock a “hold” rating in a research report on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Corecivic has a consensus rating of “Hold” and an average price target of $28.33.
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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