Bank of Montreal Can increased its holdings in shares of Corecivic Inc (NYSE:CXW) by 7.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,966 shares of the real estate investment trust’s stock after acquiring an additional 5,729 shares during the quarter. Bank of Montreal Can’s holdings in Corecivic were worth $1,652,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CXW. JPMorgan Chase & Co. raised its holdings in shares of Corecivic by 20.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,274 shares of the real estate investment trust’s stock worth $27,986,000 after acquiring an additional 196,371 shares during the period. Vanguard Group Inc raised its holdings in shares of Corecivic by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 17,209,019 shares of the real estate investment trust’s stock worth $418,695,000 after acquiring an additional 90,081 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Corecivic by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 38,750 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 709 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Corecivic by 60.8% during the 4th quarter. Meeder Asset Management Inc. now owns 18,095 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 6,839 shares during the period. Finally, Strs Ohio raised its holdings in shares of Corecivic by 5.9% during the 4th quarter. Strs Ohio now owns 206,205 shares of the real estate investment trust’s stock worth $3,676,000 after acquiring an additional 11,409 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on CXW shares. ValuEngine upgraded Corecivic from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of Corecivic from a “hold” rating to a “sell” rating in a report on Thursday, February 7th.

Shares of CXW opened at $22.16 on Tuesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 9.59 and a beta of 1.33. Corecivic Inc has a 12-month low of $17.16 and a 12-month high of $26.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.03.

Corecivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.18). The company had revenue of $484.06 million during the quarter, compared to analysts’ expectations of $466.75 million. Corecivic had a net margin of 9.09% and a return on equity of 12.72%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Analysts expect that Corecivic Inc will post 2.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be issued a $0.44 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.76 annualized dividend and a yield of 7.94%. Corecivic’s dividend payout ratio (DPR) is currently 76.19%.

In related news, Director Thurgood Marshall, Jr. sold 7,200 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $19.30, for a total value of $138,960.00. Following the sale, the director now directly owns 36,447 shares in the company, valued at approximately $703,427.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Damon T. Hininger sold 21,251 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

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Corecivic 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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