Corecivic Inc (NYSE:CXW) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its holdings in Corecivic Inc (NYSE:CXW) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,335,590 shares of the real estate investment trust’s stock after selling 104,110 shares during the period. Prudential Financial Inc. owned about 1.98% of Corecivic worth $62,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Corecivic by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,243 shares of the real estate investment trust’s stock worth $476,000 after acquiring an additional 55 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Corecivic by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 452 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Corecivic by 8.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 629 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Corecivic by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 35,357 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 670 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Corecivic by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,787 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 1,152 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Shares of Corecivic Inc (CXW) traded up $1.25 during trading on Friday, reaching $24.03. The company had a trading volume of 2,040,000 shares, compared to its average volume of 1,140,000. Corecivic Inc has a 52-week low of $21.41 and a 52-week high of $35.33. The stock has a market capitalization of $2,840.00, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10.

Corecivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Corecivic had a return on equity of 13.54% and a net margin of 11.03%. The firm had revenue of $442.80 million for the quarter, compared to the consensus estimate of $437.18 million. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was down 6.8% compared to the same quarter last year. equities analysts predict that Corecivic Inc will post 2.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.99%. Corecivic’s dividend payout ratio is currently 100.60%.

A number of brokerages have recently issued reports on CXW. SunTrust Banks reaffirmed a “buy” rating and issued a $37.00 price target on shares of Corecivic in a research note on Friday, November 10th. Zacks Investment Research lowered Corecivic from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine downgraded Corecivic from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.25.

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Corecivic Company Profile

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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