Spectrum Financial Alliance Ltd LLC lifted its stake in shares of Corecivic Inc (NYSE:CXW) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 692,521 shares of the real estate investment trust’s stock after acquiring an additional 8,754 shares during the period. Corecivic accounts for 11.0% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 4th largest position. Spectrum Financial Alliance Ltd LLC’s holdings in Corecivic were worth $16,544,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CXW. BlackRock Inc. raised its holdings in 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 during the period. Millennium Management LLC raised its holdings in Corecivic by 39.9% in the first quarter. Millennium Management LLC now owns 2,329,941 shares of the real estate investment trust’s stock valued at $45,480,000 after buying an additional 664,286 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Corecivic by 30.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,459,114 shares of the real estate investment trust’s stock valued at $58,748,000 after buying an additional 577,225 shares during the period. Alpine Woods Capital Investors LLC raised its holdings in Corecivic by 716.2% in the first quarter. Alpine Woods Capital Investors LLC now owns 448,926 shares of the real estate investment trust’s stock valued at $8,763,000 after buying an additional 393,926 shares during the period. Finally, LSV Asset Management raised its holdings in Corecivic by 199.2% in the second quarter. LSV Asset Management now owns 549,365 shares of the real estate investment trust’s stock valued at $13,124,000 after buying an additional 365,765 shares during the period. Institutional investors and hedge funds own 84.12% of the company’s stock.

NYSE:CXW traded down $0.04 during trading hours on Friday, hitting $25.10. The stock had a trading volume of 363 shares, compared to its average volume of 590,193. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. Corecivic Inc has a 1-year low of $18.61 and a 1-year high of $27.50. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03.

Corecivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Corecivic had a net margin of 8.99% and a return on equity of 11.44%. The firm had revenue of $449.93 million during the quarter, compared to analyst estimates of $435.61 million. During the same period last year, the business earned $0.59 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. equities analysts anticipate that Corecivic Inc will post 2.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.85%. The ex-dividend date is Friday, September 28th. Corecivic’s dividend payout ratio (DPR) is 74.14%.

In other Corecivic news, Director Thurgood Marshall, Jr. sold 2,100 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thurgood Marshall, Jr. sold 3,300 shares of the stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $21.09, for a total transaction of $69,597.00. Following the completion of the sale, the director now directly owns 33,321 shares of the company’s stock, valued at approximately $702,739.89. The disclosure for this sale can be found here. Insiders sold 93,746 shares of company stock valued at $2,368,430 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

CXW has been the topic of several research reports. Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, August 20th. ValuEngine raised shares of Corecivic from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, TheStreet raised shares of Corecivic from a “c” rating to a “b-” rating in a research report on Monday, June 25th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Corecivic has an average rating of “Buy” and a consensus target price of $32.67.

About Corecivic

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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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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