Tandem Financial LLC Makes New $1.18 Million Investment in CoreCivic, Inc. $CXW

Tandem Financial LLC purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 61,523 shares of the real estate investment trust’s stock, valued at approximately $1,176,000. CoreCivic comprises approximately 1.1% of Tandem Financial LLC’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of 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 worth $59,000 after purchasing an additional 702 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CoreCivic by 10.4% during the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,002 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the last quarter. Guidance Capital Inc. boosted its position in shares of CoreCivic by 5.0% in the third quarter. Guidance Capital Inc. now owns 26,749 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 1,274 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of CoreCivic by 4.8% in the fourth 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. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXW has been the topic of several research analyst reports. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Benchmark initiated coverage on shares of CoreCivic in a research report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 target price on the stock. JonesTrading reissued a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research report on Friday, February 13th. Finally, Wall Street Zen cut shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $32.00.

CoreCivic Trading Up 0.6%

Shares of CXW stock opened at $21.21 on Tuesday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 17.24 and a beta of 0.68. 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 fifty-two week low of $15.73 and a fifty-two week high of $23.19. The firm’s 50 day moving average price is $20.42 and its two-hundred day moving average price is $19.23.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $614.73 million for the quarter, compared to analyst estimates of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. On average, analysts anticipate that CoreCivic, Inc. will post 2.66 EPS for the current 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.