Quantbot Technologies LP Has $565,000 Stake in Corecivic Inc (CXW)

Quantbot Technologies LP lifted its holdings in shares of Corecivic Inc (NYSE:CXW) by 786.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,239 shares of the real estate investment trust’s stock after purchasing an additional 20,617 shares during the quarter. Quantbot Technologies LP’s holdings in Corecivic were worth $565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CXW. Raymond James Financial Services Advisors Inc. acquired a new position in Corecivic in the 2nd quarter valued at $226,000. Argent Trust Co acquired a new position in Corecivic in the 2nd quarter valued at $239,000. Pinebridge Investments L.P. grew its stake in Corecivic by 254.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 10,032 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 7,202 shares during the last quarter. Nissay Asset Management Corp Japan ADV acquired a new position in Corecivic in the 3rd quarter valued at $258,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Corecivic in the 2nd quarter valued at $272,000. Institutional investors own 81.67% of the company’s stock.

NYSE:CXW opened at $22.12 on Friday. Corecivic Inc has a 1 year low of $18.61 and a 1 year high of $26.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $2.63 billion, a P/E ratio of 9.90, a PEG ratio of 1.61 and a beta of 1.05.

Corecivic (NYSE:CXW) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). Corecivic had a net margin of 8.88% and a return on equity of 11.64%. The firm had revenue of $462.73 million during the quarter, compared to analyst estimates of $454.79 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts forecast that Corecivic Inc will post 2.3 EPS for the current year.

In other Corecivic news, CEO Damon T. Hininger sold 35,324 shares of the stock in a transaction on Friday, September 21st. The shares were sold at an average price of $25.75, for a total value of $909,593.00. Following the completion of the sale, the chief executive officer now directly owns 260,082 shares of the company’s stock, valued at approximately $6,697,111.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David Garfinkle sold 5,010 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $21.70, for a total transaction of $108,717.00. Following the completion of the sale, the chief financial officer now directly owns 105,082 shares of the company’s stock, valued at $2,280,279.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on CXW. Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Monday, August 20th. ValuEngine upgraded shares of Corecivic from a “strong sell” rating to a “sell” rating in a research note on Monday, November 12th. Finally, Wells Fargo & Co set a $24.00 target price on shares of Corecivic and gave the company a “hold” rating in a research note on Monday, December 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.33.

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About Corecivic

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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