Chartwell Investment Partners LLC Has $1.25 Million Holdings in Corecivic Inc (CXW)

Chartwell Investment Partners LLC decreased its position in Corecivic Inc (NYSE:CXW) by 93.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 64,382 shares of the real estate investment trust’s stock after selling 930,838 shares during the period. Chartwell Investment Partners LLC’s holdings in Corecivic were worth $1,252,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Orrstown Financial Services Inc. purchased a new stake in Corecivic in the 1st quarter valued at about $36,000. Oregon Public Employees Retirement Fund increased its stake in Corecivic by 1,707.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 836,102 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 789,856 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Corecivic by 15.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,231 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 1,074 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Corecivic by 411.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,764 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 5,441 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Corecivic by 6.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,310 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.

Shares of CXW stock opened at $20.23 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.26. Corecivic Inc has a 12-month low of $17.16 and a 12-month high of $26.09. The company has a market cap of $2.41 billion, a PE ratio of 8.76 and a beta of 1.32.

Corecivic (NYSE:CXW) last issued its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.22). Corecivic had a return on equity of 11.80% and a net margin of 8.67%. The company had revenue of $482.19 million for the quarter, compared to analysts’ expectations of $459.32 million. Equities analysts forecast that Corecivic Inc will post 2.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, March 29th. This represents a $1.76 annualized dividend and a dividend yield of 8.70%. This is a positive change from Corecivic’s previous quarterly dividend of $0.43. Corecivic’s dividend payout ratio (DPR) is presently 76.19%.

In other news, CEO Damon T. Hininger sold 21,251 shares of the firm’s stock in a transaction that occurred on 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 approximately $5,658,570.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thurgood Marshall, Jr. sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $19.30, for a total transaction of $138,960.00. Following the sale, the director now owns 36,447 shares of the company’s stock, valued at approximately $703,427.10. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Several equities research analysts have commented on CXW shares. Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, March 13th. TheStreet lowered shares of Corecivic from a “b-” rating to a “c+” rating in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded shares of Corecivic from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th.

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About Corecivic

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.

Further Reading: NASDAQ Stock Market Explained

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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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