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

Hahn Capital Management LLC bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 241,322 shares of the real estate investment trust’s stock, valued at approximately $4,612,000. CoreCivic makes up 2.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Hahn Capital Management LLC owned approximately 0.25% of CoreCivic at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CXW. Vanguard Group Inc. lifted its holdings in CoreCivic by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after purchasing an additional 138,846 shares in the last quarter. River Road Asset Management LLC raised its position in shares of 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 valued at $171,574,000 after buying an additional 287,108 shares during the last quarter. Rubric Capital Management LP raised 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 buying an additional 1,146,166 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock worth $26,562,000 after buying an additional 987,375 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of CoreCivic by 45.3% in the fourth quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust’s stock worth $22,222,000 after buying an additional 362,451 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

CXW has been the subject of a number of research reports. Weiss Ratings lowered shares of CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Benchmark assumed coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.00.

CoreCivic Stock Performance

NYSE:CXW opened at $28.90 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 23.49 and a beta of 0.67. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $28.96. The stock’s 50 day simple moving average is $21.93 and its two-hundred day simple moving average is $20.00. 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 posted its earnings results 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). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The firm had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s 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. As a group, equities analysts anticipate that CoreCivic, Inc. will post 2.66 earnings per share 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.