Counterpoint Mutual Funds LLC Acquires Shares of 28,528 CoreCivic, Inc. $CXW

Counterpoint Mutual Funds LLC acquired a new position in CoreCivic, Inc. (NYSE:CXW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,528 shares of the real estate investment trust’s stock, valued at approximately $539,000.

Several other large investors also recently made changes to their positions in the business. NBC Securities Inc. increased its stake in shares of CoreCivic by 533.9% in the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares in the last quarter. Leonteq Securities AG bought a new position in shares of CoreCivic in the fourth quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its position in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares in the last quarter. Fifth Third Bancorp lifted its position in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,546 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in CoreCivic during the 4th quarter worth about $71,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 0.4%

Shares of CXW opened at $30.91 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $31.66. The firm has a market capitalization of $3.06 billion, a PE ratio of 25.13 and a beta of 0.57. The stock’s fifty day simple moving average is $24.11 and its 200-day simple moving average is $20.88.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.CoreCivic’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, research analysts predict that CoreCivic, Inc. will post 2.66 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Wall Street Zen lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Benchmark increased their price target on shares of CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Three 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 target price of $35.33.

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.