Commonwealth Bank of Australia lifted its stake in shares of Corecivic Inc (NYSE:CXW) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,300 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the quarter. Commonwealth Bank of Australia’s holdings in Corecivic were worth $718,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its position in shares of Corecivic by 2,332.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,887 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 5,645 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Corecivic by 411.3% during 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 acquiring an additional 5,441 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Corecivic by 15.0% during 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 acquiring an additional 1,074 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Corecivic by 6.6% during 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 acquiring an additional 705 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in shares of Corecivic during the 4th quarter valued at $212,000. Institutional investors own 82.08% of the company’s stock.

A number of research analysts recently issued reports on CXW shares. Zacks Investment Research upgraded shares of Corecivic from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. ValuEngine downgraded shares of Corecivic from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 20th. TheStreet downgraded shares of Corecivic from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Finally, Wells Fargo & Co set a $24.00 target price on shares of Corecivic and gave the company a “hold” rating in a research report on Monday, December 3rd.

Shares of CXW stock opened at $19.13 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 8.28 and a beta of 1.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.02 and a quick ratio of 1.02. Corecivic Inc has a 12 month low of $17.16 and a 12 month high of $26.09.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date of this dividend is Friday, March 29th. This is a positive change from Corecivic’s previous quarterly dividend of $0.43. Corecivic’s payout ratio is 74.46%.

In other Corecivic news, CEO Damon T. Hininger sold 21,251 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Commonwealth Bank of Australia Grows Position in Corecivic Inc (CXW)” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://theolympiareport.com/2019/03/17/commonwealth-bank-of-australia-grows-position-in-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.

See Also: What is a Reverse Stock Split?

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.