New Mexico Educational Retirement Board decreased its holdings in Corecivic Inc (NYSE:CXW) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,000 shares of the real estate investment trust’s stock after selling 3,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Corecivic were worth $428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Corecivic by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 3,514,976 shares of the real estate investment trust’s stock worth $83,973,000 after purchasing an additional 190,010 shares during the last quarter. Northern Trust Corp boosted its holdings in Corecivic by 57.8% in the second quarter. Northern Trust Corp now owns 1,952,332 shares of the real estate investment trust’s stock worth $46,641,000 after purchasing an additional 714,970 shares during the last quarter. United Services Automobile Association boosted its holdings in Corecivic by 13.6% in the second quarter. United Services Automobile Association now owns 23,644 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 2,829 shares during the last quarter. Bank of Montreal Can boosted its holdings in Corecivic by 14.8% in the third quarter. Bank of Montreal Can now owns 71,482 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 9,197 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Corecivic in the third quarter worth approximately $356,000. 82.61% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CXW opened at $20.28 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 8.74 and a beta of 1.28. Corecivic Inc has a 52-week low of $17.16 and a 52-week high of $26.09.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 8.48%. Corecivic’s dividend payout ratio is currently 74.14%.

Several equities research analysts recently issued reports on CXW shares. Wells Fargo & Co set a $24.00 target price on shares of Corecivic and gave the stock a “hold” rating in a report on Monday, December 3rd. TheStreet downgraded shares of Corecivic from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Zacks Investment Research downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, ValuEngine downgraded shares of Corecivic from a “sell” rating to a “strong sell” rating in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Corecivic presently has a consensus rating of “Hold” and a consensus price target of $25.67.

In other Corecivic news, CFO David Garfinkle sold 5,010 shares of Corecivic stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $21.70, for a total value of $108,717.00. Following the sale, the chief financial officer now directly owns 105,082 shares in the company, valued at approximately $2,280,279.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “New Mexico Educational Retirement Board Sells 3,800 Shares of Corecivic Inc (CXW)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2019/02/11/new-mexico-educational-retirement-board-sells-3800-shares-of-corecivic-inc-cxw.html.

Corecivic Company 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.

Read More: How does a reverse stock split work?

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).

Institutional Ownership by Quarter for Corecivic (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.