7,137 Shares in CoreCivic, Inc. (NYSE:CXW) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,137 shares of the real estate investment trust’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CXW. Chesapeake Capital Corp IL lifted its position in CoreCivic by 85.6% in the 4th quarter. Chesapeake Capital Corp IL now owns 20,411 shares of the real estate investment trust’s stock valued at $444,000 after acquiring an additional 9,411 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in CoreCivic in the 4th quarter valued at approximately $1,841,000. Cibc World Markets Corp bought a new position in CoreCivic in the 4th quarter valued at approximately $222,000. Natixis Advisors LLC bought a new position in CoreCivic in the 4th quarter valued at approximately $219,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in CoreCivic in the 4th quarter valued at approximately $2,859,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Down 2.7 %

CoreCivic stock opened at $20.00 on Friday. The stock has a market cap of $2.18 billion, a PE ratio of 32.78 and a beta of 1.02. 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, Inc. has a one year low of $10.74 and a one year high of $24.99. The stock has a fifty day moving average of $19.87 and a 200 day moving average of $18.41.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, sell-side analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

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.