Corecivic Inc (CXW) Holdings Trimmed by BNP Paribas Arbitrage SA

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BNP Paribas Arbitrage SA trimmed its position in Corecivic Inc (NYSE:CXW) by 47.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,805 shares of the real estate investment trust’s stock after selling 17,888 shares during the period. BNP Paribas Arbitrage SA’s holdings in Corecivic were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its stake in Corecivic by 3.6% in the first quarter. Great West Life Assurance Co. Can now owns 75,249 shares of the real estate investment trust’s stock valued at $1,469,000 after acquiring an additional 2,648 shares in the last quarter. American International Group Inc. boosted its stake in Corecivic by 1.2% in the fourth quarter. American International Group Inc. now owns 244,563 shares of the real estate investment trust’s stock valued at $5,503,000 after acquiring an additional 2,793 shares in the last quarter. Swiss National Bank boosted its stake in Corecivic by 1.4% in the fourth quarter. Swiss National Bank now owns 199,218 shares of the real estate investment trust’s stock valued at $4,482,000 after acquiring an additional 2,800 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Corecivic by 0.4% in the first quarter. Neuberger Berman Group LLC now owns 764,476 shares of the real estate investment trust’s stock valued at $14,923,000 after acquiring an additional 2,817 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Corecivic by 19.1% in the fourth quarter. Gotham Asset Management LLC now owns 18,388 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 2,945 shares in the last quarter. Institutional investors own 79.23% of the company’s stock.

Several brokerages have weighed in on CXW. Zacks Investment Research downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. TheStreet upgraded shares of Corecivic from a “c” rating to a “b-” rating in a research note on Monday. Finally, ValuEngine downgraded shares of Corecivic from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.

In other news, Director Thurgood Marshall, Jr. sold 3,300 shares of Corecivic stock in a transaction on Monday, June 18th. The shares were sold at an average price of $21.09, for a total transaction of $69,597.00. Following the completion of the sale, the director now directly owns 33,321 shares in the company, valued at $702,739.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

NYSE:CXW opened at $22.99 on Thursday. Corecivic Inc has a 12 month low of $18.61 and a 12 month high of $29.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $2.82 billion, a PE ratio of 9.91, a P/E/G ratio of 1.75 and a beta of 0.96.

Corecivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.22. Corecivic had a net margin of 9.41% and a return on equity of 11.80%. The business had revenue of $440.90 million during the quarter, compared to the consensus estimate of $430.67 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. equities analysts predict that Corecivic Inc will post 2.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 7.48%. Corecivic’s payout ratio is currently 74.14%.

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

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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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