Sei Investments Co. Buys New Shares in CoreCivic, Inc. $CXW

Sei Investments Co. bought a new position in CoreCivic, Inc. (NYSE:CXW) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 112,282 shares of the real estate investment trust’s stock, valued at approximately $2,123,000.

Several other hedge funds have also added to or reduced their stakes in CXW. State of Wyoming boosted its position in CoreCivic by 3.1% during the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 659 shares during the period. KCM Capital Inc purchased a new position in shares of CoreCivic in the first quarter worth about $10,400,000. PNC Financial Services Group Inc. increased its holdings in shares of CoreCivic by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 510 shares during the period. Bessemer Group Inc. lifted its stake in shares of CoreCivic by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after acquiring an additional 742 shares during the last quarter. Finally, Lee Danner & Bass Inc. boosted its holdings in CoreCivic by 273.1% during the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after acquiring an additional 1,590,940 shares during the period. 85.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Noble Financial raised their price target on CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. JonesTrading reaffirmed a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. Finally, Benchmark increased their price target on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Trading Up 0.2%

NYSE CXW opened at $32.33 on Monday. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $34.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $22.93. The stock has a market cap of $3.20 billion, a P/E ratio of 25.86 and a beta of 0.58.

About CoreCivic

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.