210,759 Shares in CoreCivic, Inc. (NYSE:CXW) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 210,759 shares of the real estate investment trust’s stock, valued at approximately $4,582,000.

Other hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in CoreCivic during the fourth quarter valued at approximately $155,000. Chesapeake Capital Corp IL boosted its position in shares of CoreCivic by 85.6% during 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 during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of CoreCivic in the fourth quarter valued at $1,841,000. Cibc World Markets Corp bought a new stake in CoreCivic in the fourth quarter worth $222,000. Finally, Natixis Advisors LLC purchased a new stake in CoreCivic during the fourth quarter valued at $219,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CXW shares. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and issued a $30.00 price target 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 research note on Wednesday, February 26th.

CoreCivic Stock Up 1.8 %

NYSE CXW opened at $20.36 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 33.38 and a beta of 1.02. The company has a fifty day moving average of $19.84 and a two-hundred day moving average of $18.50.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating 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%. On average, analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current 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.