Quantbot Technologies LP Takes $923,000 Position in CoreCivic, Inc. $CXW

Quantbot Technologies LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,368 shares of the real estate investment trust’s stock, valued at approximately $923,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in CoreCivic during the 2nd quarter worth $480,557,000. Lee Danner & Bass Inc. grew its position in shares of CoreCivic by 273.1% during the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after purchasing an additional 1,590,940 shares in the last quarter. Rubric Capital Management LP grew its position in shares of CoreCivic by 140.6% during 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 in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of CoreCivic by 361.3% during the second 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, JB Capital Partners LP acquired a new stake in shares of CoreCivic in the second quarter valued at approximately $25,677,480,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXW has been the topic of a number of analyst reports. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $37.00.

Key CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: CoreCivic’s board authorized a $500 million share-repurchase program, potentially allowing the company to buy back up to 15.7% of outstanding shares. Buybacks can support per-share earnings and signal that management believes the stock is undervalued.
• Positive Sentiment: The company’s latest quarterly results exceeded expectations: EPS was $0.38 versus the $0.34 consensus, while revenue of $684.9 million topped estimates of $618.6 million and increased 27.3% year over year. Full-year 2026 EPS guidance remains $2.61–$2.70.
• Positive Sentiment: Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $37. Several firms have maintained or issued Buy/Outperform ratings.
• Positive Sentiment: Institutional ownership is high at approximately 85%, and BlackRock recently established a sizable position. Continued institutional demand may provide support for CoreCivic (CXW).
• Neutral Sentiment: CXW is trading close to its 52-week high and above both its 50-day and 200-day moving averages, indicating strong momentum but also leaving less room for error if sentiment weakens.
• Negative Sentiment: Multiple insiders sold shares recently. EVP Anthony Grande sold 12,564 shares on August 26 after selling another 7,436 shares on August 24; Director John R. Prann Jr. sold 3,098 shares, and Director Mark A. Emkes sold 30,000 shares. The sales reduced their respective holdings by roughly 8.0%, 4.5%, 38.3% and 17.5%. SEC insider transaction filing
• Negative Sentiment: Short interest surged 331.5% to 15.4 million shares, equal to 15.9% of the float and about 8.6 days of average trading volume. The increase signals substantially greater bearish positioning and could amplify volatility.

CoreCivic Trading Up 2.3%

Shares of CXW stock opened at $33.89 on Thursday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $34.86. The stock’s fifty day simple moving average is $31.34 and its 200 day simple moving average is $24.22. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $3.35 billion, a P/E ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, sell-side analysts predict that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.

CoreCivic announced that its Board of Directors has approved a stock buyback plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at CoreCivic

In related news, EVP Anthony L. Grande sold 12,564 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total value of $425,291.40. Following the sale, the executive vice president owned 144,782 shares of the company’s stock, valued at $4,900,870.70. The trade was a 7.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Emkes sold 30,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $34.25, for a total value of $1,027,500.00. Following the completion of the sale, the director owned 141,274 shares of the company’s stock, valued at $4,838,634.50. The trade was a 17.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 439,287 shares of company stock valued at $14,734,193 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

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.