845,210 Shares in CoreCivic, Inc. $CXW Bought by JB Capital Partners LP

JB Capital Partners LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the second quarter, Holdings Channel.com reports. The fund bought 845,210 shares of the real estate investment trust’s stock, valued at approximately $25,677,480,000. CoreCivic accounts for approximately 4.0% of JB Capital Partners LP’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in 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. Persistent Asset Partners Ltd acquired a new stake in CoreCivic during the 2nd quarter worth approximately $52,000. Smartleaf Asset Management LLC grew its stake in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of CoreCivic in the 4th quarter valued at approximately $57,000. Finally, Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 2,546 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW stock opened at $34.00 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 50 day simple moving average of $31.00 and a 200-day simple moving average of $23.86. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 27.20 and a beta of 0.58. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The firm had revenue of $684.92 million for the quarter, compared to the consensus estimate of $618.63 million. During the same period in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities analysts forecast that CoreCivic, Inc. will post 2.69 EPS 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 repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director John R. Prann, Jr. sold 22,298 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $34.00, for a total value of $758,132.00. Following the completion of the transaction, the director owned 8,098 shares in the company, valued at $275,332. This trade represents a 73.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thurgood Marshall, Jr. sold 7,100 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.00, for a total transaction of $241,400.00. Following the completion of the sale, the director owned 45,274 shares of the company’s stock, valued at $1,539,316. This trade represents a 13.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 386,189 shares of company stock valued at $12,921,387 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CXW shares. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of 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 MarketBeat, the company has a consensus rating of “Buy” and an average price target of $37.00.

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.