Brevan Howard Capital Management LP Purchases Shares of 31,164 CoreCivic, Inc. (NYSE:CXW)

Brevan Howard Capital Management LP bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,164 shares of the real estate investment trust's stock, valued at approximately $678,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in shares of CoreCivic by 8.0% during the 4th quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 944 shares in the last quarter. GAMMA Investing LLC increased its holdings in CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 953 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in CoreCivic by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after acquiring an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in CoreCivic in the 4th quarter worth $43,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Price Performance

Shares of CoreCivic stock traded down $0.30 during trading hours on Monday, reaching $21.58. 1,105,091 shares of the company's stock were exchanged, compared to its average volume of 1,154,241. The business has a fifty day moving average of $20.96 and a two-hundred day moving average of $20.60. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.36 billion, a P/E ratio of 35.38 and a beta of 0.79. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $488.60 million for the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The company's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CXW shares. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th.

About CoreCivic

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.