CoreCivic, Inc. $CXW Stake Reduced by Hahn Capital Management LLC

Hahn Capital Management LLC trimmed its holdings in CoreCivic, Inc. (NYSE:CXW) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,846 shares of the real estate investment trust’s stock after selling 37,476 shares during the quarter. CoreCivic accounts for about 2.4% of Hahn Capital Management LLC’s portfolio, making the stock its 21st biggest holding. Hahn Capital Management LLC’s holdings in CoreCivic were worth $3,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CXW. Lee Danner & Bass Inc. lifted its stake in CoreCivic by 273.1% during the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares during the last quarter. Rubric Capital Management LP boosted its holdings in CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after buying an additional 1,146,166 shares in the last quarter. Balyasny Asset Management L.P. grew its position in CoreCivic by 361.3% in the second 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 buying an additional 987,375 shares during the last quarter. Hatch Cove Capital LLC acquired a new position in CoreCivic in the fourth quarter worth approximately $12,951,000. Finally, Philosophy Capital Management LLC increased its holdings in shares of CoreCivic by 144.9% in the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock valued at $20,785,000 after buying an additional 604,311 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CXW. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Northland Securities set a $40.00 target price on CoreCivic in a report on Friday, June 26th. Benchmark boosted their target price on CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Finally, Noble Financial increased their price target on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $36.20.

CoreCivic Trading Down 0.1%

CoreCivic stock opened at $30.63 on Monday. The company has a 50 day moving average price of $26.18 and a 200 day moving average price of $21.71. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $32.60. 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 firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 24.90 and a beta of 0.57.

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.