Hahn Capital Management LLC Takes $4.61 Million Position in CoreCivic, Inc. $CXW

Hahn Capital Management LLC purchased a new stake in CoreCivic, Inc. (NYSE:CXW) in the fourth quarter, HoldingsChannel reports. The fund purchased 241,322 shares of the real estate investment trust’s stock, valued at approximately $4,612,000. CoreCivic comprises about 2.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC increased its stake in CoreCivic by 3.3% during the fourth 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 acquiring an additional 287,108 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of CoreCivic by 45.3% in the 4th 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. XTX Topco Ltd purchased a new position in shares of CoreCivic in the 4th quarter worth approximately $5,508,000. Summit Securities Group LLC bought a new position in shares of CoreCivic during the 4th quarter valued at approximately $137,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of CoreCivic during the 4th quarter valued at approximately $744,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $28.90 on Friday. 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 stock’s fifty day moving average is $21.93 and its two-hundred day moving average is $20.00. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $28.96. The company has a market capitalization of $2.86 billion, a PE ratio of 23.49 and a beta of 0.67.

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 the consensus estimate of $0.56 by ($0.16). The business had revenue of $614.73 million for 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 firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, analysts expect that CoreCivic, Inc. will post 2.66 earnings per share 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.