Corecivic Inc (NYSE:CXW) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 4,911 put options on the company. This is an increase of approximately 2,931% compared to the typical volume of 162 put options.

A number of research firms recently weighed in on CXW. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Grana y Montero SAA from a “sell” rating to a “hold” rating in a report on Monday, June 10th. Finally, TheStreet lowered shares of Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th.

Several institutional investors and hedge funds have recently made changes to their positions in 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. 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. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Corecivic by 50.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 558,824 shares of the real estate investment trust’s stock valued at $10,868,000 after purchasing an additional 186,221 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Corecivic by 15.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,343,734 shares of the real estate investment trust’s stock valued at $26,136,000 after purchasing an additional 179,894 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.

Corecivic stock opened at $18.19 on Friday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 7.87 and a beta of 1.09. Corecivic has a 52-week low of $17.16 and a 52-week high of $26.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day simple moving average is $21.88.

Corecivic (NYSE:CXW) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.18). The business had revenue of $484.06 million for the quarter, compared to analyst estimates of $466.75 million. Corecivic had a return on equity of 12.72% and a net margin of 9.09%. Corecivic’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Analysts predict that Corecivic will post 2.5 EPS for the current 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 issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 9.68%. Corecivic’s payout ratio is 76.19%.

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.

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