AXQ Capital LP Invests $933,000 in CoreCivic, Inc. $CXW

Key Points

• AXQ Capital LP acquired 30,700 CoreCivic shares worth approximately $933,000 in the second quarter, while institutional investors collectively own 85.13% of the stock.
• CoreCivic exceeded quarterly expectations with $0.38 in EPS versus $0.34 estimated and revenue of $684.9 million, up 27.3% year over year. The board also authorized a $500 million share-repurchase program covering up to 15.7% of outstanding shares.
• Analyst sentiment is positive, with CoreCivic holding an average “Buy” rating and a $37 price target, although insiders sold roughly $14.7 million of shares over the past 90 days.

AXQ Capital LP acquired a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 30,700 shares of the real estate investment trust's stock, valued at approximately $933,000.

A number of other large investors have also bought and sold shares of CXW. Persistent Asset Partners Ltd acquired a new position in shares of CoreCivic in the second quarter valued at approximately $52,000. Smartleaf Asset Management LLC raised 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 valued at $59,000 after purchasing an additional 702 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of CoreCivic in the fourth quarter worth $57,000. Fifth Third Bancorp lifted its position 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 worth $64,000 after purchasing an additional 2,546 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in CoreCivic during the fourth quarter worth $71,000. 85.13% of the stock is owned by institutional investors.

CoreCivic Trading Up 3.1%

CXW stock opened at $34.72 on Friday. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 27.78 and a beta of 0.60. The company has a fifty day moving average price of $31.89 and a two-hundred day moving average price of $24.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32.

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

CoreCivic announced that its Board of Directors has authorized a stock repurchase program 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 buy up to 15.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CXW has been the topic of several analyst reports. Noble Financial reissued an "outperform" rating on shares of CoreCivic in a research report on Monday, August 10th. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Benchmark lifted their target price on CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, August 7th. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Finally, Weiss Ratings raised CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic presently has an average rating of "Buy" and an average price target of $37.00.

Insider Buying and Selling

In related news, Director John R. Prann, Jr. sold 40,000 shares of the business's stock in a transaction on 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lucibeth Mayberry sold 120,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total value of $3,994,800.00. Following the completion of the transaction, the executive vice president directly owned 149,329 shares in the company, valued at approximately $4,971,162.41. This represents a 44.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 439,287 shares of company stock valued at $14,734,193 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

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.

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