Intech Investment Management LLC Has $854,000 Stock Position in CoreCivic, Inc. $CXW

Intech Investment Management LLC decreased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 50.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,701 shares of the real estate investment trust’s stock after selling 46,026 shares during the period. Intech Investment Management LLC’s holdings in CoreCivic were worth $854,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aberdeen Group plc boosted its position in CoreCivic by 44.5% during the third quarter. Aberdeen Group plc now owns 604,774 shares of the real estate investment trust’s stock valued at $13,027,000 after purchasing an additional 186,174 shares during the last quarter. Vanguard Group Inc. boosted its position in CoreCivic by 1.5% during the third quarter. Vanguard Group Inc. now owns 12,574,673 shares of the real estate investment trust’s stock valued at $255,895,000 after purchasing an additional 183,923 shares during the last quarter. Turiya Advisors Asia Ltd acquired a new stake in CoreCivic during the third quarter valued at $9,748,000. Lee Danner & Bass Inc. boosted its position in CoreCivic by 20.1% during the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust’s stock valued at $11,133,000 after purchasing an additional 97,413 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC boosted its position in CoreCivic by 442.6% during the third quarter. Counterpoint Mutual Funds LLC now owns 106,895 shares of the real estate investment trust’s stock valued at $2,175,000 after purchasing an additional 87,194 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CXW. JonesTrading reaffirmed a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Friday, February 13th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Benchmark began coverage on CoreCivic in a research report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic presently has a consensus rating of “Buy” and an average price target of $32.00.

CoreCivic Price Performance

NYSE CXW opened at $23.24 on Monday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $23.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $2.30 billion, a PE ratio of 18.89 and a beta of 0.67. The stock has a 50-day simple moving average of $20.61 and a 200 day simple moving average of $19.38.

CoreCivic (NYSE:CXW) last issued 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 for the quarter, compared to the consensus estimate of $604.48 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Research analysts anticipate that CoreCivic, Inc. will post 2.66 EPS for the current 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.