Y Intercept Hong Kong Ltd Acquires 65,167 Shares of CoreCivic, Inc. $CXW

Y Intercept Hong Kong Ltd increased its stake in CoreCivic, Inc. (NYSE:CXW) by 298.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 87,025 shares of the real estate investment trust’s stock after buying an additional 65,167 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CoreCivic were worth $1,646,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in shares of CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of CoreCivic by 10.4% in the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,002 shares in the last quarter. NBC Securities Inc. raised its position in shares of CoreCivic by 533.9% in the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,228 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in CoreCivic by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,370 shares of the real estate investment trust’s stock valued at $599,000 after buying an additional 1,426 shares during the period. Finally, Guidance Capital Inc. boosted its stake in CoreCivic by 5.6% during the fourth quarter. Guidance Capital Inc. now owns 28,254 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 1,505 shares during the period. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Up 2.2%

Shares of NYSE:CXW opened at $31.29 on Friday. The stock’s 50-day moving average is $24.91 and its 200 day moving average is $21.21. The company has a market cap of $3.09 billion, a PE ratio of 25.44 and a beta of 0.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $32.60.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CXW. Noble Financial boosted their price objective on CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday. Benchmark raised their target price on shares of CoreCivic from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Northland Securities set a $40.00 price target on shares of CoreCivic in a research note on Friday, June 26th. Finally, UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $36.20.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.