75,000 Shares in CoreCivic, Inc. $CXW Bought by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, Holdings Channel reports. The firm bought 75,000 shares of the real estate investment trust’s stock, valued at approximately $1,433,000.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares in the last quarter. Lazard Asset Management LLC raised its stake 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 during the period. NBC Securities Inc. lifted its position in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares in the last quarter. Guidance Capital Inc. lifted its position in shares of CoreCivic by 5.0% during the 3rd quarter. Guidance Capital Inc. now owns 26,749 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 1,274 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of CoreCivic by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,370 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 1,426 shares during the period. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 0.0%

Shares of CXW stock opened at $27.77 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.58 and a beta of 0.67. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $27.98. The stock’s 50-day moving average price is $21.59 and its 200-day moving average price is $19.85.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. CoreCivic’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Equities research analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CXW. Benchmark initiated coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 target price for the company. Wall Street Zen lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic currently has a consensus rating of “Buy” and a consensus target price of $29.00.

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.