47,213 Shares in CoreCivic, Inc. $CXW Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK purchased 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 institutional investor purchased 47,213 shares of the real estate investment trust’s stock, valued at approximately $1,434,000.

Several other institutional investors also recently bought and sold shares of the business. Persistent Asset Partners Ltd purchased a new stake in shares of CoreCivic in the second quarter valued at approximately $52,000. Leonteq Securities AG purchased a new position in shares of CoreCivic during the 4th quarter valued at approximately $57,000. Smartleaf Asset Management LLC grew its stake in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares during the period. Fifth Third Bancorp grew its stake in CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in CoreCivic in the 4th quarter valued at $71,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CoreCivic news, Director John R. Prann, Jr. sold 3,098 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total value of $105,332.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $170,000. This trade represents a 38.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Emkes sold 30,000 shares of CoreCivic stock in a transaction on Monday, August 24th. The stock was sold at an average price of $34.25, for a total value of $1,027,500.00. Following the transaction, the director owned 141,274 shares in the company, valued at approximately $4,838,634.50. This represents a 17.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 439,287 shares of company stock valued at $14,734,193 over the last 90 days. Insiders own 1.76% of the company’s stock.

CoreCivic Trading Up 0.1%

Shares of CoreCivic stock opened at $33.82 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $31.54 and its 200-day simple moving average is $24.39. The stock has a market cap of $3.34 billion, a P/E ratio of 27.06 and a beta of 0.58. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86.

CoreCivic (NYSE:CXW) last posted its quarterly 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 analysts’ expectations of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Analysts predict that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CXW. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Benchmark upped their price target on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JonesTrading reaffirmed a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Finally, UBS Group set a $35.00 price objective on CoreCivic in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $37.00.

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.