Fuller & Thaler Asset Management Inc. Invests $173,000 in Corecivic Inc (CXW)
Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Corecivic Inc (NYSE:CXW) during the fourth quarter, HoldingsChannel reports. The fund acquired 7,700 shares of the real estate investment trust’s stock, valued at approximately $173,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in 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 valued at $156,000 after buying an additional 3,516 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in 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 valued at $228,000 after buying an additional 629 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Corecivic in the 3rd quarter valued at approximately $228,000. Lourd Capital LLC acquired a new stake in Corecivic in the 4th quarter valued at approximately $201,000. Finally, Vident Investment Advisory LLC acquired a new stake in Corecivic in the 3rd quarter valued at approximately $252,000. 81.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on CXW shares. Zacks Investment Research raised Corecivic from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, December 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $37.00 target price on shares of Corecivic in a report on Friday, November 10th. Deutsche Bank lowered their target price on Corecivic from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, ValuEngine lowered 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, two have issued a hold rating and three have issued a buy rating to the company. Corecivic currently has a consensus rating of “Hold” and a consensus target price of $32.75.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Corecivic’s previous quarterly dividend of $0.42. Corecivic’s dividend payout ratio (DPR) is presently 112.00%.
WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/03/03/fuller-thaler-asset-management-inc-invests-173000-in-corecivic-inc-cxw.html.
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.
Want to see what other hedge funds are holding CXW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corecivic Inc (NYSE:CXW).
Receive News & Ratings for Corecivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corecivic and related companies with MarketBeat.com's FREE daily email newsletter.