AWH Capital L.P. Makes New Investment in CoreCivic, Inc. $CXW

Key Points

• AWH Capital initiated a CoreCivic position by purchasing 175,000 shares worth approximately $5.3 million, representing about 0.18% of the company. Institutional investors and hedge funds collectively own 85.13% of CXW.
• CoreCivic exceeded quarterly expectations, reporting adjusted EPS of $0.38 versus the $0.34 consensus and revenue of $684.9 million, up 27.3% year over year. The company guided to fiscal 2026 EPS of $2.61–$2.70.
• The board authorized a $500 million share repurchase program, covering up to 15.7% of outstanding shares. Analysts maintain a consensus “Buy” rating with a $37 price target, while company insiders have recently sold shares.

AWH Capital L.P. bought a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 175,000 shares of the real estate investment trust's stock, valued at approximately $5,316,500. CoreCivic accounts for approximately 0.0% of AWH Capital L.P.'s holdings, making the stock its 13th biggest position. AWH Capital L.P. owned approximately 0.18% of CoreCivic at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings 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 worth $603,000 after buying an additional 510 shares during the period. State of Wyoming boosted its holdings in shares of CoreCivic by 3.1% in the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust's stock worth $419,000 after buying an additional 659 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 worth $59,000 after buying an additional 702 shares during the period. Bessemer Group Inc. boosted its holdings 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 worth $3,148,000 after buying an additional 742 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of CoreCivic by 10.4% in 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 during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Performance

CXW stock opened at $33.82 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $3.34 billion, a P/E ratio of 27.06 and a beta of 0.58. The firm has a 50 day simple moving average of $31.54 and a 200 day simple moving average of $24.39. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $684.92 million during the quarter, compared to analysts' expectations of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The firm's quarterly revenue was up 27.3% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Research analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic announced that its board has initiated a share buyback plan on Monday, August 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on CXW. Benchmark raised their price target on shares of CoreCivic from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, August 7th. JonesTrading restated a "buy" rating and set a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Northland Securities set a $40.00 price target on shares of CoreCivic in a report on Friday, June 26th. Weiss Ratings upgraded shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. Finally, UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic currently has a consensus rating of "Buy" and a consensus target price of $37.00.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 12,564 shares of CoreCivic 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 completion of the sale, the executive vice president directly owned 144,782 shares in the company, valued at $4,900,870.70. The trade was a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Garfinkle sold 50,000 shares of CoreCivic stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $33.96, for a total transaction of $1,698,000.00. Following the completion of the sale, the chief financial officer owned 293,353 shares of the company's stock, valued at $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 439,287 shares of company stock valued at $14,734,193 over the last three months. 1.76% of the stock is owned by 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.