CoreCivic, Inc. $CXW Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its position in CoreCivic, Inc. (NYSE:CXW) by 1,370.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 382,441 shares of the real estate investment trust’s stock after purchasing an additional 356,441 shares during the period. Hodges Capital Management Inc. owned 0.37% of CoreCivic worth $7,308,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

CXW has been the subject of several recent research reports. Benchmark initiated coverage on CoreCivic in a report on Tuesday, March 24th. They set a “buy” rating and a $28.00 target price for the company. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JonesTrading reaffirmed a “buy” rating and set a $30.00 target price on shares of CoreCivic in a report on Friday, February 13th. Finally, Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $29.00.

CoreCivic Stock Performance

Shares of CXW stock opened at $26.54 on Thursday. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $26.97. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.58 and a beta of 0.67. The business has a 50 day simple moving average of $20.98 and a 200 day simple moving average of $19.57. 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 issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $0.45 earnings per share. The business’s quarterly 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. On average, equities 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.