Spectrum Financial Alliance Ltd LLC Sells 6,765 Shares of Corecivic Inc (NYSE:CXW)

Spectrum Financial Alliance Ltd LLC lowered its stake in shares of Corecivic Inc (NYSE:CXW) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 700,295 shares of the real estate investment trust’s stock after selling 6,765 shares during the period. Corecivic accounts for approximately 9.1% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 6th biggest holding. Spectrum Financial Alliance Ltd LLC owned 0.59% of Corecivic worth $14,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Corecivic by 11.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,758 shares of the real estate investment trust’s stock worth $676,000 after buying an additional 3,457 shares during the last quarter. Rhumbline Advisers boosted its stake in Corecivic by 0.8% in the 1st quarter. Rhumbline Advisers now owns 379,648 shares of the real estate investment trust’s stock worth $7,384,000 after buying an additional 2,897 shares during the last quarter. Texas Permanent School Fund boosted its stake in Corecivic by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 80,583 shares of the real estate investment trust’s stock worth $1,567,000 after buying an additional 2,920 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Corecivic by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 63,111 shares of the real estate investment trust’s stock worth $1,228,000 after buying an additional 945 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Corecivic by 17.9% in the 1st quarter. LSV Asset Management now owns 1,524,613 shares of the real estate investment trust’s stock worth $29,653,000 after buying an additional 231,500 shares during the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Corecivic from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. TheStreet lowered Corecivic from a “b-” rating to a “c+” rating in a research note on Wednesday, July 17th. Finally, ValuEngine raised Corecivic from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th.

Shares of Corecivic stock traded up $0.02 during trading hours on Friday, reaching $17.33. The stock had a trading volume of 27,855 shares, compared to its average volume of 572,526. The firm has a 50 day simple moving average of $17.34 and a two-hundred day simple moving average of $19.67. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 7.51 and a beta of 1.03. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.13. Corecivic Inc has a 1 year low of $15.56 and a 1 year high of $25.81.

Corecivic (NYSE:CXW) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $490.29 million for the quarter, compared to the consensus estimate of $483.78 million. Corecivic had a return on equity of 13.50% and a net margin of 9.39%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Sell-side analysts forecast that Corecivic Inc will post 2.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.16%. Corecivic’s dividend payout ratio (DPR) is 76.19%.

In other news, Director Thurgood Marshall, Jr. sold 7,600 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $17.65, for a total value of $134,140.00. Following the transaction, the director now directly owns 32,057 shares in the company, valued at approximately $565,806.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.24% of the company’s stock.

Corecivic Company Profile

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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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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