Russell Investments Group Ltd. cut its holdings in Corecivic Inc (NYSE:CXW) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,187 shares of the real estate investment trust’s stock after selling 43,044 shares during the period. Russell Investments Group Ltd. owned 0.08% of Corecivic worth $2,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in shares of Corecivic by 39.5% in the second quarter. Carroll Financial Associates Inc. now owns 3,010 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 853 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Corecivic by 40.0% in the second quarter. Atlas Capital Advisors LLC now owns 3,500 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 1,000 shares in the last quarter. Advisory Services Network LLC increased 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 purchasing an additional 524 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Corecivic in the second quarter worth $174,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Corecivic in the second quarter worth $254,000. Institutional investors and hedge funds own 81.84% of the company’s stock.

In related news, Director Thurgood Marshall, Jr. sold 7,600 shares of Corecivic stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.65, for a total transaction of $134,140.00. Following the completion of the sale, the director now owns 32,057 shares in the company, valued at approximately $565,806.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.24% of the company’s stock.

Several research firms recently weighed in on CXW. TheStreet cut shares of Corecivic from a “b-” rating to a “c+” rating in a research note on Wednesday, July 17th. ValuEngine raised shares of Corecivic from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research cut shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Shares of NYSE:CXW traded up $0.14 on Thursday, reaching $17.64. The company’s stock had a trading volume of 6,930 shares, compared to its average volume of 555,039. Corecivic Inc has a 52-week low of $15.56 and a 52-week high of $25.81. The company has a market cap of $2.10 billion, a P/E ratio of 7.65 and a beta of 1.03. The company has a 50-day simple moving average of $17.32 and a 200 day simple moving average of $19.68. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.58 and a current ratio of 0.58.

Corecivic (NYSE:CXW) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Corecivic had a net margin of 9.39% and a return on equity of 13.50%. The business had revenue of $490.29 million during the quarter, compared to analysts’ expectations of $483.78 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Corecivic Inc will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a yield of 9.98%. Corecivic’s payout ratio is 76.19%.

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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