Louisiana State Employees Retirement System Invests $840,000 in CoreCivic, Inc. $CXW

Louisiana State Employees Retirement System bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 1st quarter, Holdings Channel.com reports. The firm bought 44,400 shares of the real estate investment trust’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rubric Capital Management LP lifted its holdings in 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 in the last quarter. Balyasny Asset Management L.P. grew its holdings in CoreCivic by 361.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after buying an additional 987,375 shares in the last quarter. Hatch Cove Capital LLC bought a new stake in shares of CoreCivic during the fourth quarter valued at approximately $12,951,000. Philosophy Capital Management LLC raised its position in shares of CoreCivic by 144.9% during the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock valued at $20,785,000 after buying an additional 604,311 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of CoreCivic by 142.7% in the third quarter. Invesco Ltd. now owns 800,403 shares of the real estate investment trust’s stock worth $16,288,000 after buying an additional 470,670 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CoreCivic Stock Down 0.4%

Shares of CXW opened at $30.91 on Monday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 25.13 and a beta of 0.57. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $31.66. The business’s 50 day simple moving average is $24.11 and its 200-day simple moving average is $20.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44.

CoreCivic (NYSE:CXW) last posted its 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). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The firm had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’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, equities analysts expect that CoreCivic, Inc. will post 2.66 earnings per share 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.