Lee Danner & Bass Inc. Has $41.10 Million Stock Position in CoreCivic, Inc. $CXW

Lee Danner & Bass Inc. raised its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 273.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,173,498 shares of the real estate investment trust’s stock after buying an additional 1,590,940 shares during the quarter. CoreCivic comprises about 2.6% of Lee Danner & Bass Inc.’s holdings, making the stock its 6th largest position. Lee Danner & Bass Inc.’s holdings in CoreCivic were worth $41,101,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position 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 valued at $242,955,000 after acquiring an additional 138,846 shares during the last quarter. Aberdeen Group plc increased its position in shares of CoreCivic by 60.1% in the fourth quarter. Aberdeen Group plc now owns 968,300 shares of the real estate investment trust’s stock worth $18,504,000 after purchasing an additional 363,526 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CoreCivic by 24.5% in the third quarter. JPMorgan Chase & Co. now owns 372,018 shares of the real estate investment trust’s stock worth $7,571,000 after purchasing an additional 73,145 shares during the last quarter. Kestrel Investment Management Corp purchased a new stake in CoreCivic in the fourth quarter valued at approximately $5,601,000. Finally, SG Americas Securities LLC raised its stake in CoreCivic by 141.0% in the fourth quarter. SG Americas Securities LLC now owns 553,388 shares of the real estate investment trust’s stock valued at $10,575,000 after purchasing an additional 323,804 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Benchmark increased their price target on shares of CoreCivic from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $35.33.

CoreCivic Price Performance

Shares of CoreCivic stock opened at $30.91 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $3.06 billion, a PE ratio of 25.13 and a beta of 0.57. The business’s 50-day moving average price is $24.11 and its 200-day moving average price is $20.88. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $31.66.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data 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 firm had revenue of $614.73 million for the quarter, compared to analysts’ expectations of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Sell-side analysts forecast that CoreCivic, Inc. will post 2.66 EPS for the current fiscal 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.