Bank of Montreal Can trimmed its position in Corecivic Inc (NYSE:CXW) by 32.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,842 shares of the real estate investment trust’s stock after selling 41,469 shares during the quarter. Bank of Montreal Can owned 0.07% of Corecivic worth $1,955,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CXW. Advisory Services Network LLC lifted its holdings in shares of Corecivic by 115.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,189 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Corecivic by 152.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,818 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 3,516 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Corecivic by 8.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 629 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Corecivic in the 3rd quarter worth $228,000. Finally, Shelton Capital Management purchased a new stake in shares of Corecivic in the 2nd quarter worth $248,000. Institutional investors and hedge funds own 82.33% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut Corecivic from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.25.
Corecivic Inc (NYSE CXW) opened at $20.22 on Tuesday. The company has a market capitalization of $2,390.00, a price-to-earnings ratio of 12.11, a PEG ratio of 1.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10. Corecivic Inc has a 1 year low of $19.59 and a 1 year high of $35.33.
The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was Friday, December 29th. Corecivic’s payout ratio is 100.60%.
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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.
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