Brevan Howard Capital Management LP Makes New $678,000 Investment in CoreCivic, Inc. (NYSE:CXW)

Brevan Howard Capital Management LP bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,164 shares of the real estate investment trust’s stock, valued at approximately $678,000.

Several other large investors also recently modified their holdings of CXW. Barclays PLC grew its stake in CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 139,631 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of CoreCivic during the 3rd quarter worth approximately $139,000. GAMMA Investing LLC boosted its position in shares of CoreCivic by 25.5% during 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. Nisa Investment Advisors LLC increased 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 valued at $5,503,000 after acquiring an additional 251,225 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in 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 purchasing an additional 1,450 shares in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CXW shares. 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 set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday.

CoreCivic Stock Down 2.5 %

Shares of CXW opened at $22.02 on Friday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 36.10 and a beta of 0.79. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week 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 stock has a fifty day moving average of $20.82 and a 200-day moving average of $20.39.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The firm had revenue of $488.60 million for the quarter, compared to analyst estimates of $478.49 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.