CoreCivic (CXW) Position Reduced by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in shares of CoreCivic (NYSE:CXW) by 63.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,665 shares of the real estate investment trust’s stock after selling 43,035 shares during the quarter. Jane Street Group LLC’s holdings in CoreCivic were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CXW. Arrowstreet Capital Limited Partnership bought a new stake in CoreCivic during the fourth quarter worth $13,036,000. Wells Fargo & Company MN raised its stake in shares of CoreCivic by 109.7% in the fourth quarter. Wells Fargo & Company MN now owns 890,404 shares of the real estate investment trust’s stock valued at $20,034,000 after buying an additional 465,857 shares during the period. American Century Companies Inc. bought a new stake in shares of CoreCivic in the fourth quarter valued at $8,672,000. Renaissance Technologies LLC raised its stake in shares of CoreCivic by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,763,703 shares of the real estate investment trust’s stock valued at $39,683,000 after buying an additional 337,600 shares during the period. Finally, Ascend Capital LLC bought a new stake in shares of CoreCivic in the fourth quarter valued at $7,532,000. Institutional investors and hedge funds own 79.84% of the company’s stock.

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In related news, Director Mark A. Emkes purchased 5,000 shares of CoreCivic stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $21.17 per share, for a total transaction of $105,850.00. Following the completion of the transaction, the director now owns 56,488 shares in the company, valued at $1,195,850.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Shares of NYSE CXW opened at $20.73 on Friday. The firm has a market capitalization of $2,439.74, a PE ratio of 8.94, a P/E/G ratio of 1.54 and a beta of 0.92. CoreCivic has a fifty-two week low of $18.61 and a fifty-two week high of $35.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.15). The company had revenue of $440.58 million during the quarter, compared to analysts’ expectations of $429.88 million. CoreCivic had a net margin of 10.08% and a return on equity of 12.61%. equities research analysts predict that CoreCivic will post 2.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a $0.43 dividend. The ex-dividend date is Thursday, March 29th. This is a boost from CoreCivic’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 8.30%. CoreCivic’s payout ratio is 74.14%.

Several analysts have issued reports on CXW shares. Zacks Investment Research upgraded CoreCivic from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, January 9th. ValuEngine lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank reduced their price target on CoreCivic from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. CoreCivic has an average rating of “Hold” and a consensus target price of $32.75.

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CoreCivic 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, government real estate solutions, and a growing network of residential reentry centers to help address America's recidivism crisis.

Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

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