Great West Life Assurance Co. Can decreased its stake in Corecivic Inc (NYSE:CXW) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,360 shares of the real estate investment trust’s stock after selling 1,336 shares during the period. Great West Life Assurance Co. Can’s holdings in Corecivic were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Orrstown Financial Services Inc. acquired a new position in shares of Corecivic during the 1st quarter worth about $36,000. Carroll Financial Associates Inc. boosted its position in shares of Corecivic by 250.2% during the 1st quarter. Carroll Financial Associates Inc. now owns 2,157 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,541 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Corecivic by 1,707.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 836,102 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 789,856 shares during the period. Atlas Capital Advisors LLC acquired a new stake in Corecivic during the 1st quarter worth approximately $49,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Corecivic by 15.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,231 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 1,074 shares in the last quarter. 80.68% of the stock is owned by institutional investors.
Shares of NYSE CXW traded down $0.19 during midday trading on Wednesday, hitting $23.35. The company had a trading volume of 51,426 shares, compared to its average volume of 587,362. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 10.11 and a beta of 1.17. Corecivic Inc has a twelve month low of $17.16 and a twelve month high of $26.09.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Friday, June 28th. Corecivic’s payout ratio is currently 76.19%.
Several brokerages recently commented on CXW. Zacks Investment Research lowered shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TheStreet raised shares of Corecivic from a “c+” rating to a “b-” rating in a research report on Monday. Finally, ValuEngine raised shares of Corecivic from a “sell” rating to a “hold” rating in a report on Saturday, May 18th.
In other Corecivic news, Director Thurgood Marshall, Jr. sold 7,200 shares of Corecivic stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $19.30, for a total transaction of $138,960.00. Following the completion of the transaction, the director now owns 36,447 shares in the company, valued at $703,427.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.24% of the company’s stock.
CoreCivic 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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