Tandem Financial LLC Makes New Investment in CoreCivic, Inc. $CXW

Tandem Financial LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 61,523 shares of the real estate investment trust’s stock, valued at approximately $1,176,000. CoreCivic comprises about 1.1% of Tandem Financial LLC’s holdings, making the stock its 18th biggest position. Tandem Financial LLC owned 0.06% of CoreCivic as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CXW. Royal Bank of Canada raised its position in CoreCivic by 49.2% during the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 19,630 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after purchasing an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CoreCivic by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 4,977 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CXW shares. JonesTrading reiterated a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a report on Friday, February 13th. Benchmark started coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target for the company. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $32.00.

CoreCivic Stock Performance

NYSE:CXW opened at $21.21 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $20.42 and a two-hundred day moving average price of $19.23. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $23.19. The company has a market capitalization of $2.10 billion, a P/E ratio of 17.24 and a beta of 0.68.

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 the consensus estimate of $0.56 by ($0.16). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The business had revenue of $614.73 million for the quarter, compared to analysts’ expectations of $604.48 million. During the same quarter last year, the business posted $0.45 earnings per share. The business’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, research analysts expect that CoreCivic, Inc. will post 2.66 earnings per share for the current fiscal 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.