JB Capital Partners LP Takes Position in CoreCivic, Inc. $CXW

JB Capital Partners LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 845,210 shares of the real estate investment trust’s stock, valued at approximately $25,677,480. CoreCivic comprises 0.0% of JB Capital Partners LP’s portfolio, making the stock its 9th largest holding. JB Capital Partners LP owned about 0.85% of CoreCivic at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CXW. BlackRock Inc. purchased a new stake in shares of CoreCivic in the 2nd quarter valued at approximately $480,557,000. Deutsche Bank AG bought a new stake in CoreCivic during the 2nd quarter worth $18,805,000. Persistent Asset Partners Ltd bought a new position in shares of CoreCivic in the second quarter valued at approximately $52,000. SCS Capital Management LLC purchased a new stake in shares of CoreCivic during the 2nd quarter valued at approximately $304,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of CoreCivic during the 2nd quarter valued at about $18,516,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group set a $35.00 price objective on CoreCivic in a research note on Tuesday, July 7th. JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Benchmark raised their price objective on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Northland Securities set a $40.00 price target on shares of CoreCivic in a research report on Friday, June 26th. Finally, Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.00.

CoreCivic Trading Up 1.4%

NYSE CXW traded up $0.47 during trading on Friday, hitting $34.26. The company had a trading volume of 435,123 shares, compared to its average volume of 1,211,396. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86. The company’s fifty day moving average is $31.44 and its 200-day moving average is $24.33. 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 market cap of $3.39 billion, a price-to-earnings ratio of 27.41 and a beta of 0.58.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $684.92 million during the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. CoreCivic’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. 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 earnings per share for the current year.

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

Insider Buying and Selling at CoreCivic

In related news, EVP Lucibeth Mayberry sold 120,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 149,329 shares of the company’s stock, valued at approximately $4,971,162.41. This represents a 44.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $33.76, for a total transaction of $1,688,000.00. Following the sale, the chief financial officer owned 343,353 shares of the company’s stock, valued at $11,591,597.28. The trade was a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 439,287 shares of company stock worth $14,734,193. 1.76% of the stock is currently owned by insiders.

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.