Lee Danner & Bass Inc. Has $41.10 Million Position in CoreCivic, Inc. $CXW

Lee Danner & Bass Inc. boosted its position in CoreCivic, Inc. (NYSE:CXW) by 273.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,173,498 shares of the real estate investment trust’s stock after buying an additional 1,590,940 shares during the quarter. CoreCivic makes up about 2.6% of Lee Danner & Bass Inc.’s holdings, making the stock its 6th largest position. Lee Danner & Bass Inc. owned about 2.20% of CoreCivic worth $41,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in CoreCivic by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after acquiring an additional 138,846 shares during the period. Aberdeen Group plc boosted its position in CoreCivic by 60.1% during the fourth quarter. Aberdeen Group plc now owns 968,300 shares of the real estate investment trust’s stock worth $18,504,000 after purchasing an additional 363,526 shares during the period. JPMorgan Chase & Co. boosted its position in CoreCivic by 24.5% during the third quarter. JPMorgan Chase & Co. now owns 372,018 shares of the real estate investment trust’s stock worth $7,571,000 after purchasing an additional 73,145 shares during the period. Kestrel Investment Management Corp purchased a new position in shares of CoreCivic in the fourth quarter worth about $5,601,000. Finally, SG Americas Securities LLC raised its position in shares of CoreCivic by 141.0% in the fourth quarter. SG Americas Securities LLC now owns 553,388 shares of the real estate investment trust’s stock valued at $10,575,000 after purchasing an additional 323,804 shares during the period. 85.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CXW. Benchmark upped 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. 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 raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $35.33.

CoreCivic Trading Down 0.4%

Shares of CXW opened at $30.91 on Friday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $31.66. The stock has a market cap of $3.06 billion, a PE ratio of 25.13 and a beta of 0.57. 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 business’s 50-day moving average price is $24.11 and its 200-day moving average price is $20.88.

CoreCivic (NYSE:CXW) last released 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 the consensus estimate of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. CoreCivic’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. On average, equities analysts forecast that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

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.