Vanguard Group Inc. Increases Position in CoreCivic, Inc. $CXW

Vanguard Group Inc. lifted its holdings in CoreCivic, Inc. (NYSE:CXW) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,713,519 shares of the real estate investment trust’s stock after buying an additional 138,846 shares during the period. Vanguard Group Inc. owned approximately 0.12% of CoreCivic worth $242,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 19,630 shares during the period. AQR Capital Management LLC raised its holdings in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 11,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,828 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 18,411 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CoreCivic by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after purchasing an additional 4,977 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 6.7%

Shares of CXW stock opened at $20.37 on Friday. The company’s fifty day simple moving average is $19.52 and its two-hundred day simple moving average is $18.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 1.66. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $23.20. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 16.56 and a beta of 0.68.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The business had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, analysts anticipate that CoreCivic, Inc. will post 2.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CXW shares. JonesTrading reaffirmed a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a report on Friday, February 13th. Wall Street Zen cut shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Benchmark started coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.