Caxton Associates LP acquired a new stake in shares of Corecivic Inc (NYSE:CXW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,982 shares of the real estate investment trust’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Corecivic by 1.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 46,893 shares of the real estate investment trust’s stock valued at $836,000 after acquiring an additional 647 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Corecivic by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 153,876 shares of the real estate investment trust’s stock valued at $2,744,000 after acquiring an additional 650 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Corecivic by 0.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 187,686 shares of the real estate investment trust’s stock valued at $3,346,000 after acquiring an additional 670 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Corecivic by 6.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,310 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 705 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Corecivic by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 38,750 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Shares of Corecivic stock opened at $19.13 on Friday. Corecivic Inc has a 12-month low of $17.16 and a 12-month high of $26.09. The firm has a market cap of $2.27 billion, a P/E ratio of 8.28 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.26.

Corecivic (NYSE:CXW) last announced its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). Corecivic had a return on equity of 11.80% and a net margin of 8.67%. The company had revenue of $482.19 million for the quarter, compared to the consensus estimate of $459.32 million. On average, equities analysts anticipate that Corecivic Inc will post 2.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, March 29th. This represents a $1.76 annualized dividend and a yield of 9.20%. This is an increase from Corecivic’s previous quarterly dividend of $0.43. Corecivic’s dividend payout ratio is 74.46%.

In related news, CEO Damon T. Hininger sold 21,251 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.69, for a total transaction of $439,683.19. Following the completion of the sale, the chief executive officer now owns 273,493 shares in the company, valued at $5,658,570.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Several research firms have recently commented on CXW. Zacks Investment Research downgraded Corecivic from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Wells Fargo & Co set a $24.00 price target on Corecivic and gave the stock a “hold” rating in a report on Monday, December 3rd. TheStreet downgraded Corecivic from a “b-” rating to a “c+” rating in a report on Tuesday, December 18th. Finally, ValuEngine upgraded Corecivic from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th.

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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, 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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