Park West Asset Management LLC Takes Position in CoreCivic, Inc. $CXW

Park West Asset Management LLC purchased a new stake in CoreCivic, Inc. (NYSE:CXW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 898,947 shares of the real estate investment trust’s stock, valued at approximately $27,310,000. CoreCivic accounts for 1.9% of Park West Asset Management LLC’s holdings, making the stock its 23rd largest holding.

Several other large investors have also recently added to or reduced their stakes in CXW. PNC Financial Services Group Inc. boosted its position in shares of CoreCivic by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 510 shares during the period. State of Wyoming grew its position in shares of CoreCivic by 3.1% during the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 659 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 in the last quarter. Bessemer Group Inc. boosted its stake in shares of CoreCivic by 0.4% in the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 742 shares during the period. Finally, Lazard Asset Management LLC grew its position in CoreCivic by 10.4% during the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,002 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Key CoreCivic News

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.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 29,199 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $33.61, for a total value 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. The trade was a 15.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John R. Prann, Jr. sold 40,000 shares of CoreCivic stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.54, for a total value of $1,341,600.00. Following the transaction, the director directly owned 30,396 shares in the company, valued at $1,019,481.84. The trade was a 56.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 439,287 shares of company stock valued at $14,734,193 in the last quarter. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CXW has been the subject of a number of recent analyst reports. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Northland Securities set a $40.00 target price on CoreCivic in a research note on Friday, June 26th. Finally, Benchmark boosted their price target on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $37.00.

CoreCivic Stock Performance

Shares of CXW stock opened at $33.89 on Thursday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58. 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 business’s 50-day moving average price is $31.34 and its 200-day moving average price is $24.22. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business had revenue of $684.92 million during the quarter, compared to analyst estimates of $618.63 million. During the same quarter last year, the business earned $0.59 EPS. The firm’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. Equities research analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic announced that its board has authorized a stock repurchase plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.