CoreCivic, Inc. $CXW Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in CoreCivic, Inc. (NYSE:CXW) by 1,370.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 382,441 shares of the real estate investment trust’s stock after purchasing an additional 356,441 shares during the quarter. Hodges Capital Management Inc.’s holdings in CoreCivic were worth $7,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in CoreCivic by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after purchasing an additional 138,846 shares during the period. Rubric Capital Management LP lifted its position in CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after purchasing an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. lifted its position in CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock worth $26,562,000 after purchasing an additional 987,375 shares during the period. Philosophy Capital Management LLC lifted its position in CoreCivic by 144.9% in the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock worth $20,785,000 after purchasing an additional 604,311 shares during the period. Finally, Aberdeen Group plc lifted its position in CoreCivic by 60.1% in the fourth quarter. Aberdeen Group plc now owns 968,300 shares of the real estate investment trust’s stock worth $18,504,000 after purchasing an additional 363,526 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXW has been the subject of a number of research analyst reports. Benchmark initiated coverage on CoreCivic in a research report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 target price for the company. JonesTrading restated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research report on Friday, February 13th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $29.00.

CoreCivic Price Performance

CXW opened at $26.54 on Thursday. The stock has a fifty day moving average of $20.98 and a 200-day moving average of $19.57. The firm has a market capitalization of $2.62 billion, a P/E ratio of 21.58 and a beta of 0.67. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $26.97. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99.

CoreCivic (NYSE:CXW) last released 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). The business had revenue of $614.73 million during the quarter, compared to analysts’ expectations of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. CoreCivic’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Equities analysts forecast that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

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.