Bryce Point Capital LLC Purchases Shares of 24,675 CoreCivic, Inc. (NYSE:CXW)

Bryce Point Capital LLC acquired a new position in CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, Holdings Channel reports. The firm acquired 24,675 shares of the real estate investment trust’s stock, valued at approximately $536,000.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in CoreCivic in the fourth quarter valued at about $11,733,000. Nisa Investment Advisors LLC raised its holdings in shares of CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock valued at $5,503,000 after buying an additional 251,225 shares during the period. Discovery Capital Management LLC CT acquired a new position in CoreCivic during the 4th quarter worth approximately $5,100,000. Point72 Asset Management L.P. purchased a new position in CoreCivic in the 3rd quarter worth approximately $2,810,000. Finally, Weiss Asset Management LP grew its position in CoreCivic by 74.3% in the third quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after acquiring an additional 212,569 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CXW. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th. Finally, Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th.

CoreCivic Price Performance

CXW opened at $20.46 on Friday. The company has a market capitalization of $2.23 billion, a P/E ratio of 33.55 and a beta of 1.02. The company has a 50-day moving average of $19.50 and a 200-day moving average of $18.83. 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 1-year low of $10.74 and a 1-year high of $24.99.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Equities analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

CoreCivic 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.