44,116 Shares in CoreCivic, Inc. $CXW Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in CoreCivic, Inc. (NYSE:CXW) during the second quarter, HoldingsChannel reports. The fund bought 44,116 shares of the real estate investment trust’s stock, valued at approximately $1,340,000.

Other large investors have also added to or reduced their stakes in the company. Persistent Asset Partners Ltd bought a new position in CoreCivic during the 2nd quarter worth approximately $52,000. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 33.0% during 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 acquiring an additional 702 shares in the last quarter. Leonteq Securities AG purchased a new stake in CoreCivic in the fourth quarter worth $57,000. Fifth Third Bancorp boosted its holdings 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 acquiring an additional 2,546 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CoreCivic during the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Up 3.1%

Shares of NYSE:CXW opened at $34.72 on Friday. 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 stock has a fifty day simple moving average of $31.89 and a two-hundred day simple moving average of $24.91. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 27.78 and a beta of 0.60.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $684.92 million during 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% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. JonesTrading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Wednesday, August 5th. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating 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 company has a consensus rating of “Buy” and an average target price of $37.00.

Insider Activity

In related news, EVP Anthony L. Grande sold 12,564 shares of the firm’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 owned 144,782 shares of the company’s stock, valued at approximately $4,900,870.70. This trade represents a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $33.96, for a total value of $1,698,000.00. Following the transaction, the chief financial officer owned 293,353 shares of the company’s stock, valued at approximately $9,962,267.88. This trade represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 439,287 shares of company stock valued at $14,734,193 in the last quarter. 1.76% of the stock is owned by company insiders.

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.