Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Corecivic Inc (NYSE:CXW) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,334 shares of the real estate investment trust’s stock after selling 3,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Corecivic were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Arizona State Retirement System raised its holdings in shares of Corecivic by 2.9% during the second quarter. Arizona State Retirement System now owns 82,302 shares of the real estate investment trust’s stock worth $1,966,000 after purchasing an additional 2,321 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Corecivic by 1.2% during the second quarter. Legal & General Group Plc now owns 204,828 shares of the real estate investment trust’s stock worth $4,894,000 after purchasing an additional 2,492 shares during the last quarter. United Services Automobile Association raised its holdings in shares of Corecivic by 13.6% during the second quarter. United Services Automobile Association now owns 23,644 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 2,829 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Corecivic by 10.8% during the second 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 during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Corecivic by 3.0% during the second quarter. Eagle Asset Management Inc. now owns 157,418 shares of the real estate investment trust’s stock worth $3,760,000 after purchasing an additional 4,609 shares during the last quarter. 81.67% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO David Garfinkle sold 5,010 shares of Corecivic stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $21.70, for a total value of $108,717.00. Following the sale, the chief financial officer now owns 105,082 shares in the company, valued at $2,280,279.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Damon T. Hininger sold 35,324 shares of Corecivic stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $25.75, for a total transaction of $909,593.00. Following the completion of the sale, the chief executive officer now owns 260,082 shares in the company, valued at approximately $6,697,111.50. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Several research firms recently commented on CXW. Zacks Investment Research lowered shares of Corecivic from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine lowered 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 target on shares of Corecivic and gave the company a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.33.

CXW stock opened at $22.17 on Friday. The firm has a market cap of $2.54 billion, a P/E ratio of 9.56, a PEG ratio of 1.56 and a beta of 1.05. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.23. Corecivic Inc has a one year low of $18.61 and a one year high of $26.09.

Corecivic (NYSE:CXW) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The firm had revenue of $462.73 million for 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%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Research analysts predict that Corecivic Inc will post 2.3 earnings per share for the current year.

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Corecivic Company Profile

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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