MYDA Advisors LLC Buys 61,000 Shares of CoreCivic, Inc. $CXW

MYDA Advisors LLC raised its stake in CoreCivic, Inc. (NYSE:CXW) by 92.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,000 shares of the real estate investment trust’s stock after acquiring an additional 61,000 shares during the period. MYDA Advisors LLC’s holdings in CoreCivic were worth $2,427,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 19,630 shares in the last quarter. AQR Capital Management LLC boosted its stake in CoreCivic by 69.8% in the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CoreCivic by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after purchasing an additional 4,977 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Trading Down 0.3%

CXW stock opened at $27.03 on Monday. The company has a market cap of $2.67 billion, a P/E ratio of 21.97 and a beta of 0.67. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $27.28. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $21.29 and a 200-day moving average of $19.71.

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 return on equity of 9.29% and a net margin of 5.53%.The business had revenue of $614.73 million during the quarter, compared to the consensus estimate of $604.48 million. During the same quarter last year, the company earned $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 research analysts expect that CoreCivic, Inc. will post 2.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Benchmark assumed coverage on CoreCivic in a research note on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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.