Counterpoint Mutual Funds LLC Acquires New Position in CoreCivic, Inc. $CXW

Counterpoint Mutual Funds LLC acquired a new stake in CoreCivic, Inc. (NYSE:CXW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,528 shares of the real estate investment trust’s stock, valued at approximately $539,000.

A number of other institutional investors have also recently bought and sold shares of CXW. Vanguard Group Inc. raised its position in shares of CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after acquiring an additional 138,846 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of CoreCivic by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after purchasing an additional 287,108 shares during the last quarter. Rubric Capital Management LP boosted its position in shares of CoreCivic by 140.6% in the 3rd 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 last quarter. Balyasny Asset Management L.P. grew its stake in shares of CoreCivic by 361.3% during 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. Finally, Invesco Ltd. grew its stake in shares of CoreCivic by 45.3% during the fourth quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust’s stock worth $22,222,000 after purchasing an additional 362,451 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Trading Down 0.4%

CXW opened at $30.91 on Friday. The firm’s fifty day moving average is $24.11 and its two-hundred day moving average is $20.88. The firm has a market cap of $3.06 billion, a PE ratio of 25.13 and a beta of 0.57. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $31.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44.

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

Analysts Set New Price Targets

A number of research firms recently commented on CXW. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Finally, Benchmark upped their price target on CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic presently has a consensus rating of “Buy” and a consensus price target of $35.33.

CoreCivic 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.