CoreCivic, Inc. $CXW Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in CoreCivic, Inc. (NYSE:CXW) by 50.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,701 shares of the real estate investment trust’s stock after selling 46,026 shares during the quarter. Intech Investment Management LLC’s holdings in CoreCivic were worth $854,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. grew its position in shares of CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,228 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of CoreCivic in the 4th quarter worth approximately $57,000. Smartleaf Asset Management LLC grew its position in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares in the last quarter. Fifth Third Bancorp grew its position in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of CoreCivic in the 3rd quarter worth approximately $151,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Up 0.1%

CXW opened at $23.24 on Monday. CoreCivic, Inc. has a one year low of $15.73 and a one year 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’s fifty day moving average is $20.61 and its 200-day moving average is $19.38. The company has a market capitalization of $2.30 billion, a PE ratio of 18.89 and a beta of 0.67.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS 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 firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. On average, equities analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark assumed coverage on CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target on the stock. Wall Street Zen downgraded CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, JonesTrading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.00.

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.