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

Capital Advisors Inc. OK bought a new stake in CoreCivic, Inc. (NYSE:CXW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,213 shares of the real estate investment trust’s stock, valued at approximately $1,434,000.

A number of other hedge funds have also modified their holdings of CXW. BlackRock Inc. acquired a new stake in shares of CoreCivic during the 2nd quarter worth about $480,557,000. Lee Danner & Bass Inc. boosted its stake in CoreCivic by 273.1% during the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after buying an additional 1,590,940 shares during the period. Rubric Capital Management LP increased its position in shares of CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after acquiring an additional 1,146,166 shares during the last quarter. Balyasny Asset Management L.P. increased its position 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 valued at $26,562,000 after acquiring an additional 987,375 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new stake in shares of CoreCivic during the second quarter valued at about $27,310,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, Director John R. Prann, Jr. sold 3,098 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $34.00, for a total value of $105,332.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $170,000. The trade was a 38.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David Garfinkle sold 50,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $33.96, for a total value of $1,698,000.00. Following the sale, the chief financial officer directly owned 293,353 shares in the company, valued at $9,962,267.88. This represents a 14.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 439,287 shares of company stock valued at $14,734,193 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CXW has been the topic of several recent analyst reports. Benchmark upped their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. JonesTrading reiterated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Stock Up 0.1%

Shares of NYSE:CXW 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 firm has a market capitalization of $3.34 billion, a PE ratio of 27.06 and a beta of 0.58. The firm’s 50-day moving average is $31.54 and its two-hundred day moving average is $24.39. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis. 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 year.

CoreCivic declared that its Board of Directors has approved a share buyback program on Monday, August 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About CoreCivic

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.