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

Quantbot Technologies LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the second quarter, Holdings Channel.com reports. The fund bought 30,368 shares of the real estate investment trust’s stock, valued at approximately $923,000.

A number of other institutional investors have also bought and sold shares of the company. NBC Securities Inc. boosted its holdings in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of CoreCivic during the second quarter valued at approximately $52,000. Smartleaf Asset Management LLC increased 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 buying an additional 702 shares during the last quarter. Leonteq Securities AG bought a new stake in CoreCivic during the fourth quarter worth $57,000. Finally, Fifth Third Bancorp boosted its holdings in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,546 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director John R. Prann, Jr. sold 3,098 shares of CoreCivic stock in a transaction that occurred 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 sale, the director directly owned 5,000 shares in the company, valued at approximately $170,000. This trade represents a 38.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 12,564 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 144,782 shares in the company, valued at $4,900,870.70. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 439,287 shares of company stock worth $14,734,193. Corporate insiders own 1.76% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $33.89 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $31.34 and a 200-day moving average price of $24.22. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86.

CoreCivic (NYSE:CXW) last posted its 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 return on equity of 9.22% and a net margin of 5.15%.The company had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. During the same period last year, the firm earned $0.59 earnings per share. CoreCivic’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. As a group, equities analysts anticipate that CoreCivic, Inc. will post 2.69 EPS for the current year.

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

Key Headlines Impacting CoreCivic

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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CXW. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. UBS Group set a $35.00 price target on CoreCivic in a research report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.00.

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.