River Road Asset Mgmt. Amends CoreCivic Stake Filing
Ticker: CXW · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1070985
| Field | Detail |
|---|---|
| Company | Corecivic, INC. (CXW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**River Road Asset Management is still holding CoreCivic shares, signaling continued institutional confidence.**
AI Summary
River Road Asset Management, LLC filed an amended SC 13G/A on January 30, 2024, indicating their ownership of CoreCivic, Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, though passive, investment in the company. This matters to investors because River Road Asset Management is a large institutional investor, and their continued holding signals confidence in CoreCivic's long-term prospects, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, River Road Asset Management, continues to hold a significant position in CoreCivic, Inc., which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in company control or strategy.
Analyst Insight
An investor should note that a significant institutional holder maintains its position, suggesting stability in institutional sentiment towards CoreCivic, Inc. However, without specific share count changes, it's hard to gauge a stronger bullish or bearish signal.
Key Players & Entities
- River Road Asset Management, LLC (company) — the entity filing the SC 13G/A
- CoreCivic, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)' sections.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: River Road Asset Management, LLC' and 'NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON River R'.
What is the subject company whose securities are being reported?
The subject company is CoreCivic, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CoreCivic, Inc.' and 'CoreCivic, Inc. (Name of Issuer)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of CoreCivic, Inc. is 21871N101, as listed under '(CUSIP Number)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding CoreCivic, Inc. (CXW).