AWH Capital L.P. Buys Shares of 167,500 CoreCivic, Inc. $CXW

Key Points

• AWH Capital L.P. has acquired 167,500 shares of CoreCivic, valued at approximately $3.4 million, making it the 10th largest holding in their investment portfolio.
• CoreCivic reported a quarterly earnings per share (EPS) of $0.59, exceeding analysts' expectations of $0.43, and demonstrating a 9.8% revenue increase compared to the previous year.
• Analysts maintain a consensus rating of "Buy" for CoreCivic, with an average price target of $33.33, highlighting optimism for future growth.

AWH Capital L.P. acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,500 shares of the real estate investment trust's stock, valued at approximately $3,399,000. CoreCivic accounts for 4.9% of AWH Capital L.P.'s investment portfolio, making the stock its 10th largest holding. AWH Capital L.P. owned 0.15% of CoreCivic as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of CoreCivic in the fourth quarter worth approximately $257,000. Hsbc Holdings PLC raised its holdings in shares of CoreCivic by 27.9% in the fourth quarter. Hsbc Holdings PLC now owns 23,136 shares of the real estate investment trust's stock worth $507,000 after buying an additional 5,042 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of CoreCivic by 4.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 58,563 shares of the real estate investment trust's stock worth $1,273,000 after buying an additional 2,420 shares during the period. Northern Trust Corp raised its holdings in shares of CoreCivic by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,251,464 shares of the real estate investment trust's stock worth $27,207,000 after buying an additional 37,639 shares during the period. Finally, Algert Global LLC raised its holdings in shares of CoreCivic by 167.8% in the fourth quarter. Algert Global LLC now owns 136,266 shares of the real estate investment trust's stock worth $2,962,000 after buying an additional 85,383 shares during the period. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXW has been the topic of several research analyst reports. Wall Street Zen raised CoreCivic from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Wedbush reissued an "outperform" rating and issued a $38.00 price objective on shares of CoreCivic in a research note on Wednesday, June 11th. Finally, Jones Trading reissued a "buy" rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $33.33.

CoreCivic Stock Performance

CXW traded down $0.22 on Friday, reaching $19.65. 685,150 shares of the stock were exchanged, compared to its average volume of 945,654. The company's 50-day moving average price is $20.64 and its 200 day moving average price is $20.80. CoreCivic, Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $2.10 billion, a PE ratio of 20.90 and a beta of 0.81.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%.The business had revenue of $538.17 million during the quarter, compared to analyst estimates of $499.02 million. During the same quarter last year, the business posted $0.42 EPS. The company's revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.