Quantinno Capital Management LP raised its holdings in CoreCivic, Inc. (NYSE:CXW – Free Report) by 316.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,070 shares of the real estate investment trust’s stock after purchasing an additional 60,841 shares during the quarter. Quantinno Capital Management LP owned 0.08% of CoreCivic worth $1,514,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. NBC Securities Inc. grew 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 purchasing an additional 1,228 shares during the period. Leonteq Securities AG purchased a new stake in CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its position in CoreCivic by 33.0% in the second 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. Fifth Third Bancorp lifted its position in CoreCivic by 320.7% in the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 2,546 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CoreCivic during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 85.13% of the company’s stock.
Key Stories Impacting CoreCivic
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: Large buyback supports valuation: CoreCivic authorized a $500 million repurchase program, allowing the company to buy back as much as 15.7% of its outstanding shares. The authorization may support earnings per share and signals that management views the stock as undervalued. CoreCivic shares climb 5% after launching $500 million accelerated buyback
- Positive Sentiment: Higher FY2027 forecast: Noble Financial raised its FY2027 earnings-per-share estimate to $3.19 from $2.73 and maintained an “Outperform” rating. The increase suggests expectations for stronger profitability over the longer term.
- Neutral Sentiment: Mixed earnings revisions: Noble Financial lowered its Q3 2026 EPS estimate to $0.62 from $0.68 and trimmed its FY2026 estimate to $2.61 from $2.64. However, the firm’s longer-term FY2027 upgrade partially offsets the near-term caution.
- Neutral Sentiment: Q2 earnings-call discussion: Coverage of the company’s top analyst questions from its second-quarter earnings call could provide additional insight into operating trends, facility demand, government contracts and management’s outlook. The top 5 analyst questions from CoreCivic’s Q2 earnings call
- Negative Sentiment: Insider selling adds pressure: EVP Lucibeth Mayberry sold 120,000 shares worth approximately $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares worth about $273,600. While insider sales do not necessarily indicate deteriorating fundamentals, the size and timing of the transactions may concern investors.
- Negative Sentiment: Short interest increased sharply: Shares sold short rose 65.8% from mid-July to July 31, reaching about 3.57 million shares, or 3.7% of the float. The increase indicates growing bearish positioning and may contribute to volatility.
Analyst Ratings Changes
Get Our Latest Stock Report on CXW
Insider Buying and Selling at CoreCivic
In other CoreCivic news, Director Devin Ignatius Murphy sold 8,098 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $33.79, for a total value of $273,631.42. Following the completion of the transaction, the director owned 63,826 shares in the company, valued at $2,156,680.54. The trade was a 11.26% 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, EVP Lucibeth Mayberry sold 120,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $33.29, for a total value of $3,994,800.00. Following the sale, the executive vice president directly owned 149,329 shares in the company, valued at $4,971,162.41. This represents a 44.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.76% of the company’s stock.
CoreCivic Trading Down 1.2%
Shares of CXW stock opened at $33.52 on Thursday. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $34.86. The company has a 50 day moving average price of $29.94 and a 200 day moving average price of $23.21. The stock has a market capitalization of $3.31 billion, a P/E ratio of 26.82 and a beta of 0.58. 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 announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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.
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