Corecivic Inc (NASDAQ: CXW) Stocks Generating Improved Relative Strength

Corecivic Inc day trading at USD 12.33 per share, then rallying to 12.64 and closing at USD 11.96 per share. A net loss of -3.81% for the day. Long term pricing analysis shows the stock trading at 48.15% lower than it’s 52week high and -42.67% higher than the 52week low. The share volume traded for the day was 1,740K which was 1 times the 50 Day Average Volume.

Corecivic Inc had a market cap of 1,430,757K as of 11th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $1.44.

Corecivic Inc is a company that owns and manages private prisons and detention centers and operates others on a concession basis. Co-founded in 1983 in Nashville, Tennessee by Thomas W. Beasley, Robert Crants, and T. Don Hutto, it received investments from the Tennessee Valley Authority, Vanderbilt University, and Jack C. Massey, the founder of Hospital Corporation of America.

Financial Results

Corecivic Inc Reports First Quarter Of Fiscal 2020.

  • Total revenue of $491.1 million, an increase of 1.5%
  • Net income attributable to common stockholders generated in the first quarter of 2020 totaled $32.1 million, or $0.27 per diluted share, compared with $49.3 million, or $0.41 per diluted share, in the first quarter of 2019.
  • Adjusted for special items, net income in the first quarter of 2020 was $37.2 million, or $0.30 per diluted share (Adjusted Diluted EPS), compared with adjusted net income in the first quarter of 2019 of $49.8 million, or $0.42 per diluted share.
  • Funds From Operations (FFO) was $61.7 million, or $0.51 per diluted share, in the first quarter of 2020, compared to $75.9 million, or $0.64 per diluted share, in the first quarter of 2019.
  • EBITDA was $99.5 million in the first quarter of 2020, compared with $109.3 million in the first quarter of 2019.
  • Adjusted EBITDA was $100.4 million in the first quarter of 2020, compared with $109.7 million in the first quarter of 2019.

Corecivic Inc (11th June 2020): The Institutional Ownership as of today stood at 71.79% and the Total Value of Holdings (millions) is $ 1,135.

New Institutional Holders and other activity – As of today, the total number of shares held is 85,883,902 by 288 institutional holders.

LATEST NEWS:

6-June-2020:- Acadian Asset Management LLC Buys New Holdings in Corecivic Inc (NYSE: CXW)

Acadian Asset Management LLC bought a new stake in Corecivic Inc (NYSE: CXW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,844 shares of the real estate investment trust’s stock, valued at approximately $278,000.

1-June-2020:-: Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Corecivic Inc (NYSE: CXW)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Corecivic Inc (NYSE: CXW) by 18.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,253 shares of the real estate investment trust’s stock after purchasing an additional 1,416 shares during the quarter.

26-May-2020:- Arizona State Retirement System Sells 39,577 Shares of Corecivic Inc (NYSE: CXW)

Arizona State Retirement System lessened its holdings in shares of Corecivic Inc (NYSE: CXW) by 58.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,959 shares of the real estate investment trust’s stock after selling 39,577 shares during the quarter.

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