ARP Americas LP raised its position in Corecivic Inc (NYSE:CXW) by 243.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,221 shares of the real estate investment trust’s stock after acquiring an additional 56,851 shares during the period. ARP Americas LP owned approximately 0.07% of Corecivic worth $1,805,000 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 CXW. Royal Bank of Canada raised its holdings in shares of Corecivic by 6.2% in the second quarter. Royal Bank of Canada now owns 141,163 shares of the real estate investment trust’s stock worth $3,893,000 after buying an additional 8,300 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Corecivic in the second quarter worth $5,069,000. The Manufacturers Life Insurance Company raised its holdings in shares of Corecivic by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 173,439 shares of the real estate investment trust’s stock worth $4,784,000 after buying an additional 4,080 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Corecivic by 8.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 629 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Corecivic by 115.0% in the second quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,189 shares during the last quarter. Institutional investors own 79.84% of the company’s stock.
In other news, Director Mark A. Emkes purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $21.17 per share, for a total transaction of $105,850.00. Following the completion of the transaction, the director now owns 56,488 shares in the company, valued at $1,195,850.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.
A number of research analysts have issued reports on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $37.00 price target on shares of Corecivic in a report on Friday, November 10th. Zacks Investment Research cut shares of Corecivic from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Deutsche Bank reduced their target price on shares of Corecivic from $35.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.75.
Corecivic Inc (CXW) opened at $21.71 on Wednesday. The stock has a market cap of $2,516.57, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.59 and a beta of 0.91. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.99. Corecivic Inc has a fifty-two week low of $19.59 and a fifty-two week high of $35.10.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.92%. 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 currently 112.00%.
Corecivic Company Profile
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.