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

MYDA Advisors LLC increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 92.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,000 shares of the real estate investment trust’s stock after purchasing an additional 61,000 shares during the period. MYDA Advisors LLC owned about 0.12% of CoreCivic worth $2,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CXW. Rubric Capital Management LP increased its position in shares of CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. increased its position in shares of CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after purchasing an additional 987,375 shares during the period. Hatch Cove Capital LLC bought a new stake in shares of CoreCivic during the fourth quarter valued at approximately $12,951,000. Philosophy Capital Management LLC increased its position in shares of CoreCivic by 144.9% during the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock valued at $20,785,000 after purchasing an additional 604,311 shares during the period. Finally, Turiya Advisors Asia Ltd bought a new stake in shares of CoreCivic during the third quarter valued at approximately $9,748,000. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CXW shares. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Benchmark started coverage on CoreCivic in a research report on Tuesday, March 24th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic currently has an average rating of “Buy” and a consensus price target of $29.00.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $27.03 on Monday. The business’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $19.71. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.28. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 21.97 and a beta of 0.67. 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 announced its quarterly 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). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The company 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 business’s revenue was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

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.