First Dallas Securities Inc. Acquires Shares of 32,500 CoreCivic, Inc. $CXW

First Dallas Securities Inc. acquired a new stake in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 32,500 shares of the real estate investment trust’s stock, valued at approximately $621,000.

Several other large investors have also recently added to or reduced their stakes in CXW. Rubric Capital Management LP increased its stake in CoreCivic by 140.6% in the 3rd 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 period. Balyasny Asset Management L.P. increased its stake in shares of CoreCivic by 361.3% during the 2nd 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 purchasing an additional 987,375 shares during the last quarter. Philosophy Capital Management LLC increased its stake in shares of CoreCivic by 144.9% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock worth $20,785,000 after purchasing an additional 604,311 shares during the last quarter. Turiya Advisors Asia Ltd acquired a new position in shares of CoreCivic during the 3rd quarter worth $9,748,000. Finally, Invesco Ltd. increased its stake in shares of CoreCivic by 142.7% during the 3rd quarter. Invesco Ltd. now owns 800,403 shares of the real estate investment trust’s stock worth $16,288,000 after purchasing an additional 470,670 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Performance

NYSE:CXW opened at $25.25 on Wednesday. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $25.40. The firm’s fifty day simple moving average is $20.83 and its 200 day simple moving average is $19.50. 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 market capitalization of $2.50 billion, a PE ratio of 20.53 and a beta of 0.67.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (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 during the quarter, compared to analyst estimates of $604.48 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that CoreCivic, Inc. will post 2.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CXW shares. Wall Street Zen lowered shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Benchmark started coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target on the stock. Finally, JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.00.

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.