Y Intercept Hong Kong Ltd Raises Stake in CoreCivic, Inc. (NYSE:CXW)

Y Intercept Hong Kong Ltd raised its position in shares of CoreCivic, Inc. (NYSE:CXW) by 55.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,264 shares of the real estate investment trust’s stock after purchasing an additional 13,617 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CoreCivic were worth $832,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CXW. GAMMA Investing LLC raised its position in shares of CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 953 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of CoreCivic by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust’s stock valued at $1,246,000 after buying an additional 1,450 shares during the last quarter. HighTower Advisors LLC raised its position in shares of CoreCivic by 13.7% during the third quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 1,877 shares during the last quarter. KBC Group NV raised its position in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,995 shares during the last quarter. Finally, Hourglass Capital LLC raised its position in shares of CoreCivic by 2.1% during the third quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 2,490 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 4.2 %

Shares of CXW opened at $18.93 on Friday. The company’s fifty day moving average is $20.69 and its 200 day moving average is $17.68. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The stock has a market capitalization of $2.06 billion, a PE ratio of 31.03 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. Sell-side analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Northland Securities boosted their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.