Brandywine Global Investment Management LLC Purchases Shares of 239,527 CoreCivic, Inc. $CXW

Brandywine Global Investment Management LLC purchased a new stake in CoreCivic, Inc. (NYSE:CXW) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 239,527 shares of the real estate investment trust’s stock, valued at approximately $4,577,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after acquiring an additional 138,846 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of CoreCivic by 140.6% in 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 acquiring an additional 1,146,166 shares in the last quarter. Balyasny Asset Management L.P. grew its stake 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 valued at $26,562,000 after acquiring an additional 987,375 shares in the last quarter. Philosophy Capital Management LLC grew its stake in shares of CoreCivic by 144.9% in 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 acquiring an additional 604,311 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in shares of CoreCivic by 60.1% in the fourth quarter. Aberdeen Group plc now owns 968,300 shares of the real estate investment trust’s stock valued at $18,504,000 after acquiring an additional 363,526 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 5.4%

CXW opened at $26.54 on Thursday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $26.97. The company has a 50-day simple moving average of $20.98 and a 200 day simple moving average of $19.57. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.58 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 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The firm had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CXW shares. Benchmark started 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. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JonesTrading restated a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic presently has a consensus rating of “Buy” and a consensus price target of $29.00.

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.