Public Employees Retirement System of Ohio cut its stake in shares of Corecivic Inc (NYSE:CXW) by 10.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 229,576 shares of the real estate investment trust’s stock after selling 27,960 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.19% of Corecivic worth $4,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new position in Corecivic during the 2nd quarter worth approximately $980,000. Renaissance Technologies LLC lifted its position in Corecivic by 30.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,885,300 shares of the real estate investment trust’s stock worth $80,659,000 after acquiring an additional 908,200 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Corecivic by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,165,396 shares of the real estate investment trust’s stock worth $44,954,000 after acquiring an additional 83,239 shares in the last quarter. Quantamental Technologies LLC lifted its position in Corecivic by 60.2% during the 2nd quarter. Quantamental Technologies LLC now owns 14,785 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 5,554 shares in the last quarter. Finally, Hourglass Capital LLC lifted its position in Corecivic by 134.7% during the 2nd quarter. Hourglass Capital LLC now owns 212,423 shares of the real estate investment trust’s stock worth $4,410,000 after acquiring an additional 121,910 shares in the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

In other Corecivic news, Director Thurgood Marshall, Jr. sold 7,600 shares of Corecivic stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $17.65, for a total transaction of $134,140.00. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 1.24% of the stock is owned by insiders.

CXW stock traded down $0.15 during midday trading on Friday, hitting $17.91. 20,714 shares of the company’s stock were exchanged, compared to its average volume of 518,099. 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 12-month low of $15.56 and a 12-month high of $25.82. The firm has a 50 day moving average price of $17.14 and a 200-day moving average price of $19.80. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 7.77 and a beta of 1.03.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 9.83%. Corecivic’s dividend payout ratio is presently 76.19%.

Several equities analysts recently commented on CXW shares. TheStreet lowered Corecivic from a “b-” rating to a “c+” rating in a research report on Wednesday, July 17th. ValuEngine raised Corecivic from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research downgraded Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

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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