Dark Forest Capital Management LP Buys Shares of 21,114 CoreCivic, Inc. (NYSE:CXW)

Dark Forest Capital Management LP acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,114 shares of the real estate investment trust's stock, valued at approximately $459,000.

Several other large investors also recently made changes to their positions in CXW. Hsbc Holdings PLC raised its position in CoreCivic by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 23,136 shares of the real estate investment trust's stock worth $507,000 after acquiring an additional 5,042 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of CoreCivic by 65.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 48,999 shares of the real estate investment trust's stock valued at $1,065,000 after purchasing an additional 19,391 shares during the period. MetLife Investment Management LLC grew its holdings in CoreCivic by 7.7% during the fourth quarter. MetLife Investment Management LLC now owns 66,591 shares of the real estate investment trust's stock worth $1,448,000 after purchasing an additional 4,733 shares during the period. First Trust Advisors LP increased its position in CoreCivic by 11.6% during the fourth quarter. First Trust Advisors LP now owns 329,603 shares of the real estate investment trust's stock worth $7,166,000 after buying an additional 34,332 shares during the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in CoreCivic in the fourth quarter valued at approximately $11,205,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research note 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 downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research report on Tuesday.

CoreCivic Stock Performance

NYSE:CXW traded down $0.08 during mid-day trading on Wednesday, reaching $22.70. 1,103,519 shares of the company's stock were exchanged, compared to its average volume of 1,135,961. 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. The business's fifty day simple moving average is $20.30 and its two-hundred day simple moving average is $20.02. The firm has a market capitalization of $2.48 billion, a PE ratio of 37.21 and a beta of 0.86.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping 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%. Analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.