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

River Road Asset Management LLC raised 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 Securities and Exchange Commission (SEC). The firm owned 8,978,240 shares of the real estate investment trust’s stock after buying an additional 287,108 shares during the quarter. CoreCivic comprises about 1.9% of River Road Asset Management LLC’s holdings, making the stock its 7th largest position. River Road Asset Management LLC owned about 8.58% of CoreCivic worth $171,574,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. increased its holdings in 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 during the last quarter. Leonteq Securities AG bought a new stake in CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its holdings in CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the last quarter. Fifth Third Bancorp lifted its holdings in CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in CoreCivic during the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW opened at $28.90 on Friday. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $28.96. The stock’s 50-day simple moving average is $21.93 and its 200 day simple moving average is $20.00. 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 has a market capitalization of $2.86 billion, a price-to-earnings ratio of 23.49 and a beta of 0.67.

CoreCivic (NYSE:CXW) last posted 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). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The company had revenue of $614.73 million for the quarter, compared to analysts’ expectations of $604.48 million. During the same period in the previous year, the firm earned $0.45 EPS. The firm’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. Research analysts forecast that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.