WINTON GROUP Ltd Buys New Shares in CoreCivic, Inc. $CXW

WINTON GROUP Ltd bought a new position in CoreCivic, Inc. (NYSE:CXW) in the second quarter, Holdings Channel.com reports. The firm bought 16,600 shares of the real estate investment trust’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in CoreCivic during the 2nd quarter worth about $480,557,000. River Road Asset Management LLC increased its holdings in shares of CoreCivic by 3.3% in the fourth quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock valued at $171,574,000 after purchasing an additional 287,108 shares during the period. Lee Danner & Bass Inc. increased its holdings in shares of CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares during the period. Rubric Capital Management LP raised its stake in shares of CoreCivic by 5.0% in the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock worth $38,940,000 after purchasing an additional 97,770 shares during the last quarter. Finally, Park West Asset Management LLC purchased a new position in shares of CoreCivic in the second quarter worth about $27,310,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Anthony L. Grande sold 29,199 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.61, for a total transaction of $981,378.39. Following the sale, the executive vice president owned 164,782 shares of the company’s stock, valued at $5,538,323.02. This trade represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lucibeth Mayberry sold 120,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total transaction of $3,994,800.00. Following the transaction, the executive vice president directly owned 149,329 shares of the company’s stock, valued at approximately $4,971,162.41. This trade represents a 44.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 459,287 shares of company stock valued at $15,431,193 in the last three months. 1.76% of the stock is currently owned by company insiders.

CoreCivic Stock Performance

NYSE CXW opened at $35.36 on Wednesday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 28.29 and a beta of 0.60. The stock has a 50-day simple moving average of $32.48 and a two-hundred day simple moving average of $25.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $36.07.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $684.92 million for 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 company’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its board has approved a stock buyback 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 buy up to 15.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CXW shares. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Northland Securities set a $40.00 price target on shares of CoreCivic in a research report on Friday, June 26th. Benchmark lifted their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, UBS Group set a $35.00 price objective on shares of CoreCivic in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic currently has an average rating of “Buy” and a consensus target price of $37.00.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.

Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.