Y Intercept Hong Kong Ltd Grows Position in CoreCivic, Inc. (NYSE:CXW)

Y Intercept Hong Kong Ltd increased its holdings in CoreCivic, Inc. (NYSE:CXW) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,264 shares of the real estate investment trust’s stock after acquiring 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.

A number of other hedge funds also recently added to or reduced their stakes in CXW. Nisa Investment Advisors LLC lifted its stake in CoreCivic by 13,071.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock worth $5,503,000 after acquiring an additional 251,225 shares during the period. Invenomic Capital Management LP lifted its stake in CoreCivic by 28.7% in the third quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after acquiring an additional 228,803 shares during the period. Point72 Asset Management L.P. purchased a new stake in CoreCivic in the third quarter worth about $2,810,000. Weiss Asset Management LP lifted its stake in CoreCivic by 74.3% in the third quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock worth $6,308,000 after acquiring an additional 212,569 shares during the period. Finally, FMR LLC lifted its stake in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after acquiring an additional 186,310 shares during the period. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Stock Performance

CXW stock opened at $18.93 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 31.03 and a beta of 1.00. The firm has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $17.68. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. 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 (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. On average, equities analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CXW shares. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Northland Securities increased their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday.

CoreCivic Company 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.