SG Americas Securities LLC Has $6.08 Million Position in CoreCivic, Inc. $CXW

SG Americas Securities LLC lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 41.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,616 shares of the real estate investment trust’s stock after selling 231,772 shares during the quarter. SG Americas Securities LLC’s holdings in CoreCivic were worth $6,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CXW. Vanguard Group Inc. boosted its holdings in shares of CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after buying an additional 138,846 shares during the period. River Road Asset Management LLC lifted its position in CoreCivic by 3.3% during the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after acquiring an additional 287,108 shares during the last quarter. Rubric Capital Management LP lifted its position in CoreCivic by 140.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after acquiring an additional 1,146,166 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after acquiring an additional 987,375 shares during the period. Finally, Invesco Ltd. boosted its holdings in CoreCivic by 45.3% during the fourth quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust’s stock valued at $22,222,000 after acquiring an additional 362,451 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CXW shares. Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday. Benchmark raised their target price on CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings downgraded CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

CoreCivic Trading Up 0.1%

Shares of CXW opened at $30.79 on Monday. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $30.95. 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 firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 25.03 and a beta of 0.67. The stock’s 50-day moving average price is $23.08 and its 200 day moving average price is $20.47.

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 the consensus estimate of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.CoreCivic’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. 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.

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.