Anchor Capital Advisors LLC grew its stake in shares of CoreCivic (NYSE:CXW) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,015,332 shares of the real estate investment trust’s stock after purchasing an additional 120,683 shares during the period. Anchor Capital Advisors LLC owned about 0.86% of CoreCivic worth $19,819,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CXW. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of CoreCivic during the fourth quarter valued at $173,000. Lourd Capital LLC purchased a new stake in shares of CoreCivic during the fourth quarter valued at $201,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of CoreCivic by 77.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,296 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 4,478 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of CoreCivic during the fourth quarter valued at $240,000. Finally, Leucadia National Corp purchased a new stake in shares of CoreCivic during the fourth quarter valued at $324,000. 79.25% of the stock is owned by institutional investors and hedge funds.
CoreCivic opened at $20.92 on Wednesday, Marketbeat reports. The firm has a market cap of $2.44 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. CoreCivic has a 1-year low of $18.61 and a 1-year high of $31.86. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.01.
CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.22. The firm had revenue of $440.90 million for the quarter, compared to analyst estimates of $430.67 million. CoreCivic had a return on equity of 11.80% and a net margin of 9.41%. CoreCivic’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. equities research analysts predict that CoreCivic will post 2.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.22%. The ex-dividend date of this dividend is Friday, June 29th. CoreCivic’s payout ratio is 74.14%.
In other CoreCivic news, Director Mark A. Emkes purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average cost of $21.17 per share, with a total value of $105,850.00. Following the completion of the transaction, the director now owns 56,488 shares of the company’s stock, valued at $1,195,850.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised CoreCivic from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, May 16th. ValuEngine lowered CoreCivic from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Deutsche Bank dropped their price target on CoreCivic from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. CoreCivic has an average rating of “Hold” and an average target price of $32.25.
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.
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