Radcliffe Capital Management L.P. Invests $1.43 Million in CoreCivic, Inc. $CXW

Radcliffe Capital Management L.P. purchased a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 75,000 shares of the real estate investment trust’s stock, valued at approximately $1,433,000. Radcliffe Capital Management L.P. owned approximately 0.07% of CoreCivic at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake 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 valued at $59,000 after purchasing an additional 702 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of CoreCivic by 10.4% during the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,002 shares during the last quarter. NBC Securities Inc. increased its position in shares of CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,228 shares in the last quarter. Guidance Capital Inc. increased its position in shares of CoreCivic by 5.0% during the third quarter. Guidance Capital Inc. now owns 26,749 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 1,274 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in CoreCivic by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,370 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 1,426 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Up 0.0%

CXW stock opened at $27.77 on Wednesday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 22.58 and a beta of 0.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. The business’s 50-day moving average is $21.59 and its two-hundred day moving average is $19.85. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.98.

CoreCivic (NYSE:CXW) last released its quarterly 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 for the quarter, compared to the consensus estimate of $604.48 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. 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. As a group, analysts forecast that CoreCivic, Inc. will post 2.66 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CXW. Wall Street Zen downgraded CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Benchmark began coverage on CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.