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

Brevan Howard Capital Management LP purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,164 shares of the real estate investment trust's stock, valued at approximately $678,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CXW. Bank of Montreal Can lifted its stake in 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 acquiring an additional 944 shares in the last quarter. GAMMA Investing LLC lifted its stake in CoreCivic by 25.5% during the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 953 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in CoreCivic by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after acquiring an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in CoreCivic during the 4th quarter valued at $43,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Performance

Shares of CoreCivic stock traded down $0.21 on Wednesday, reaching $21.51. 192,374 shares of the company traded hands, compared to its average volume of 1,149,598. The company has a 50 day moving average of $21.01 and a 200 day moving average of $20.61. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The firm has a market capitalization of $2.35 billion, a PE ratio of 35.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. 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, 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.