234,369 Shares in CoreCivic, Inc. $CXW Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 234,369 shares of the real estate investment trust’s stock, valued at approximately $4,938,000.

Other institutional investors also recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC purchased a new position in CoreCivic in the first quarter valued at about $18,186,000. Nuveen LLC acquired a new position in CoreCivic during the 1st quarter worth approximately $10,629,000. Invenomic Capital Management LP boosted its holdings in CoreCivic by 99.5% in the 1st quarter. Invenomic Capital Management LP now owns 907,390 shares of the real estate investment trust’s stock worth $18,411,000 after acquiring an additional 452,559 shares during the period. Prudential Financial Inc. grew its position in CoreCivic by 172.3% in the second quarter. Prudential Financial Inc. now owns 587,361 shares of the real estate investment trust’s stock valued at $12,376,000 after acquiring an additional 371,632 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of CoreCivic during the second quarter valued at approximately $6,489,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXW. Jones Trading reaffirmed a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of CoreCivic in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of CoreCivic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Insider Activity at CoreCivic

In other news, EVP Anthony L. Grande sold 22,500 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $21.18, for a total transaction of $476,550.00. Following the completion of the sale, the executive vice president directly owned 135,559 shares of the company’s stock, valued at $2,871,139.62. This trade represents a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thurgood Marshall, Jr. sold 6,000 shares of CoreCivic stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total value of $123,120.00. Following the completion of the transaction, the director owned 44,023 shares in the company, valued at $903,351.96. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,000 shares of company stock worth $846,045. 2.30% of the stock is currently owned by company insiders.

CoreCivic Trading Up 0.3%

Shares of NYSE:CXW opened at $18.67 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.95 billion, a P/E ratio of 18.85 and a beta of 0.67. The company has a 50 day moving average of $18.17 and a 200-day moving average of $19.94. CoreCivic, Inc. has a twelve month low of $15.95 and a twelve month high of $23.85.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. CoreCivic had a net margin of 5.24% and a return on equity of 7.38%. The firm had revenue of $580.44 million for the quarter, compared to analysts’ expectations of $544.38 million. During the same period in the previous year, the business earned $0.43 earnings per share. CoreCivic’s revenue for the quarter was up 18.1% compared to the same quarter last year. CoreCivic has set its FY 2025 guidance at 1.940-2.000 EPS. As a group, analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

CoreCivic declared that its board has authorized a share buyback plan on Monday, November 10th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.