15,538 Shares in CoreCivic, Inc. $CXW Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,538 shares of the real estate investment trust’s stock, valued at approximately $472,000.

A number of other large investors have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after acquiring an additional 19,630 shares during the last quarter. AQR Capital Management LLC raised its position in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CoreCivic by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after purchasing an additional 4,977 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. JonesTrading reiterated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.00.

Insider Activity at CoreCivic

In related news, Director John R. Prann, Jr. sold 3,098 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $105,332.00. Following the transaction, the director owned 5,000 shares in the company, valued at $170,000. This represents a 38.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emkes sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,027,500.00. Following the completion of the sale, the director owned 141,274 shares in the company, valued at $4,838,634.50. This represents a 17.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 439,287 shares of company stock valued at $14,734,193. Insiders own 1.76% of the company’s stock.

CoreCivic Trading Down 0.4%

CoreCivic stock opened at $32.60 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86. The stock has a market capitalization of $3.22 billion, a PE ratio of 26.08 and a beta of 0.60. The business’s fifty day moving average is $31.72 and its 200 day moving average is $24.74.

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

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

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.