Louisiana State Employees Retirement System Buys Shares of 44,400 CoreCivic, Inc. $CXW

Louisiana State Employees Retirement System bought a new position in CoreCivic, Inc. (NYSE:CXW) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,400 shares of the real estate investment trust’s stock, valued at approximately $840,000.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. increased its position in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of CoreCivic in the fourth quarter worth approximately $57,000. Smartleaf Asset Management LLC grew its position 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 buying an additional 702 shares during the period. Fifth Third Bancorp grew its position 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 buying an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in CoreCivic during the fourth quarter valued at approximately $71,000. 85.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CXW has been the topic of several recent research reports. Northland Securities set a $40.00 price target on shares of CoreCivic in a research report on Friday, June 26th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Benchmark upped their price objective on CoreCivic from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, CoreCivic currently has an average rating of “Buy” and a consensus target price of $35.33.

CoreCivic Trading Down 0.4%

Shares of NYSE:CXW opened at $30.91 on Monday. The stock has a 50 day moving average of $24.11 and a 200 day moving average of $20.89. The company has a market cap of $3.06 billion, a PE ratio of 25.13 and a beta of 0.57. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $31.66. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99.

CoreCivic (NYSE:CXW) last released 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). The firm had revenue of $614.73 million for 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%.CoreCivic’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, equities research analysts expect 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.