UBS Group AG Sells 265,413 Shares of CoreCivic, Inc. $CXW

UBS Group AG trimmed its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 51.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,947 shares of the real estate investment trust’s stock after selling 265,413 shares during the quarter. UBS Group AG owned 0.24% of CoreCivic worth $4,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of 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 worth $242,955,000 after purchasing an additional 138,846 shares during the period. Rubric Capital Management LP lifted its position in shares of 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 worth $39,915,000 after purchasing an additional 1,146,166 shares during the period. Allianz Asset Management GmbH lifted its position in shares of CoreCivic by 13.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,856,230 shares of the real estate investment trust’s stock worth $37,774,000 after purchasing an additional 224,747 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of CoreCivic by 361.3% in 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 period. Finally, Philosophy Capital Management LLC lifted its position in shares of CoreCivic by 144.9% in 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 period. 85.13% of the stock is owned by institutional investors.

CoreCivic Stock Down 1.1%

CoreCivic stock opened at $21.15 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $23.19. The firm’s fifty day moving average is $20.08 and its 200 day moving average is $19.05. The company has a market capitalization of $2.09 billion, a PE ratio of 17.20 and a beta of 0.68.

CoreCivic (NYSE:CXW) last released 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 company had revenue of $614.73 million for the quarter, compared to analyst estimates of $604.48 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The firm’s revenue was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, sell-side analysts predict that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CXW shares. Benchmark started coverage on shares of CoreCivic in a research report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target on the stock. JonesTrading restated a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Friday, February 13th. Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CoreCivic in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Moderate Buy” and an average target price 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.