Hancock Whitney Corp Trims Stake in Corecivic Inc (NYSE:CXW)

Hancock Whitney Corp cut its holdings in shares of Corecivic Inc (NYSE:CXW) by 72.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,525 shares of the real estate investment trust’s stock after selling 94,654 shares during the quarter. Hancock Whitney Corp’s holdings in Corecivic were worth $633,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Corecivic by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 46,893 shares of the real estate investment trust’s stock worth $836,000 after acquiring an additional 647 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Corecivic by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 153,876 shares of the real estate investment trust’s stock valued at $2,744,000 after purchasing an additional 650 shares during the period. Mondrian Investment Partners LTD lifted its stake in shares of Corecivic by 0.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 187,686 shares of the real estate investment trust’s stock valued at $3,346,000 after purchasing an additional 670 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Corecivic by 6.6% in the fourth 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 purchasing an additional 705 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Corecivic by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 38,750 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 709 shares during the period. 81.78% of the stock is currently owned by institutional investors.

In other Corecivic news, Director Thurgood Marshall, Jr. sold 7,200 shares of Corecivic stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $19.30, for a total transaction of $138,960.00. Following the transaction, the director now directly owns 36,447 shares of the company’s stock, valued at $703,427.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Damon T. Hininger sold 21,251 shares of Corecivic 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 transaction, the chief executive officer now directly owns 273,493 shares in the company, valued at $5,658,570.17. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Shares of NYSE CXW traded up $0.13 during midday trading on Friday, reaching $20.66. 511,004 shares of the stock were exchanged, compared to its average volume of 635,817. The company has a market cap of $2.46 billion, a PE ratio of 8.94 and a beta of 1.31. Corecivic Inc has a 52-week low of $17.16 and a 52-week high of $26.09. 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 (NYSE:CXW) last issued its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.22). The firm had revenue of $482.19 million for the quarter, compared to analysts’ expectations of $459.32 million. Corecivic had a return on equity of 11.80% and a net margin of 8.67%. On average, analysts anticipate that Corecivic Inc will post 2.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 8.52%. This is an increase from Corecivic’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 29th. Corecivic’s payout ratio is presently 76.19%.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Corecivic from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine upgraded shares of Corecivic from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th.

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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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