Nisa Investment Advisors LLC Raises Stock Holdings in Corecivic Inc (NYSE:CXW)

Nisa Investment Advisors LLC increased its position in Corecivic Inc (NYSE:CXW) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,644 shares of the real estate investment trust’s stock after purchasing an additional 5,604 shares during the period. Nisa Investment Advisors LLC owned 0.08% of Corecivic worth $1,882,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in Corecivic by 17.1% in the first quarter. Advisory Services Network LLC now owns 3,591 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 524 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Corecivic by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 47,474 shares of the real estate investment trust’s stock worth $923,000 after acquiring an additional 581 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Corecivic by 0.4% in the first quarter. Retirement Systems of Alabama now owns 154,494 shares of the real estate investment trust’s stock worth $3,005,000 after acquiring an additional 618 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Corecivic by 0.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 78,600 shares of the real estate investment trust’s stock worth $1,529,000 after acquiring an additional 700 shares in the last quarter. Finally, Alpha Windward LLC boosted its holdings in Corecivic by 3.4% in the first quarter. Alpha Windward LLC now owns 23,854 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 780 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.

Shares of NYSE:CXW traded up $0.04 during midday trading on Friday, reaching $16.60. 690,049 shares of the company’s stock traded hands, compared to its average volume of 1,385,031. The company has a market capitalization of $1.98 billion, a P/E ratio of 7.19 and a beta of 1.08. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.32. Corecivic Inc has a one year low of $15.56 and a one year high of $26.09. The stock’s 50 day moving average price is $19.48.

Corecivic (NYSE:CXW) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). Corecivic had a net margin of 9.09% and a return on equity of 12.72%. The firm had revenue of $484.06 million during the quarter, compared to the consensus estimate of $466.75 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Corecivic Inc will post 2.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date was Friday, June 28th. Corecivic’s dividend payout ratio is 76.19%.

Several equities research analysts have commented on the company. ValuEngine downgraded Corecivic from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. TheStreet downgraded Corecivic from a “b-” rating to a “c+” rating in a report on Wednesday, July 17th. Finally, Zacks Investment Research downgraded Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

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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