CoreCivic, Inc. $CXW is River Road Asset Management LLC’s 7th Largest Position

River Road Asset Management LLC lifted its position in CoreCivic, Inc. (NYSE:CXW) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,978,240 shares of the real estate investment trust’s stock after purchasing an additional 287,108 shares during the quarter. CoreCivic comprises approximately 1.9% of River Road Asset Management LLC’s portfolio, making the stock its 7th largest holding. River Road Asset Management LLC owned approximately 0.09% of CoreCivic worth $171,574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew its position in 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 buying an additional 362,451 shares in the last quarter. XTX Topco Ltd bought a new position in CoreCivic in the 4th quarter worth about $5,508,000. Summit Securities Group LLC purchased a new stake in shares of CoreCivic in the 4th quarter valued at about $137,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of CoreCivic in the 4th quarter valued at about $744,000. Finally, Millennium Management LLC boosted its position in shares of CoreCivic by 14.2% during the 4th quarter. Millennium Management LLC now owns 924,516 shares of the real estate investment trust’s stock valued at $17,668,000 after acquiring an additional 114,981 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark started coverage on CoreCivic in a report on Tuesday, March 24th. They set a “buy” rating and a $28.00 price objective for the company. Wall Street Zen cut shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut shares of CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.00.

CoreCivic Price Performance

Shares of CoreCivic stock opened at $28.90 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 23.49 and a beta of 0.67. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $28.96. The business’s 50-day moving average price is $21.93 and its 200-day moving average price is $20.00.

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

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.