CoreCivic, Inc. $CXW Shares Acquired by Algert Global LLC

Key Points

• Algert Global increased its CoreCivic stake by 114.9% in the second quarter, owning 296,839 shares valued at approximately $9.0 million. Institutional investors collectively hold about 85.1% of the company.
• CoreCivic reported quarterly EPS of $0.38, beating the $0.34 consensus, while revenue rose 27.3% year over year to $684.9 million. The board also authorized a $500 million share-repurchase program covering up to 15.7% of outstanding shares.
• Analyst sentiment remains favorable, with a consensus Buy rating and an average $37 price target, but insiders have sold significant shares recently and short interest has surged 331.5% to 15.4 million shares, potentially increasing volatility.

Algert Global LLC grew its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 114.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 296,839 shares of the real estate investment trust's stock after purchasing an additional 158,730 shares during the period. Algert Global LLC owned 0.30% of CoreCivic worth $9,018,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. raised its holdings in shares of CoreCivic by 533.9% in 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 in the last quarter. Persistent Asset Partners Ltd purchased a new position in CoreCivic during the 2nd quarter worth approximately $52,000. Smartleaf Asset Management LLC raised its stake in CoreCivic by 33.0% during 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 period. Leonteq Securities AG acquired a new position in CoreCivic during the fourth quarter valued at $57,000. Finally, Fifth Third Bancorp increased its holdings in shares of CoreCivic by 320.7% in the 4th 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. 85.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director directly owned 30,396 shares in the company, valued at $1,019,481.84. This trade represents a 56.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 29,199 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.61, for a total transaction of $981,378.39. Following the completion of the transaction, the executive vice president directly owned 164,782 shares in the company, valued at approximately $5,538,323.02. The trade was a 15.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 439,287 shares of company stock valued at $14,734,193 over the last three months. Company insiders own 1.76% of the company's stock.

More 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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CXW shares. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. JonesTrading restated a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Benchmark increased their price target on CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a report on Friday, August 7th. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic has an average rating of "Buy" and an average target price of $37.00.

CoreCivic Trading Up 2.3%

Shares of CoreCivic stock opened at $33.89 on Thursday. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The company's fifty day moving average price is $31.34 and its two-hundred day moving average price is $24.22. The firm has a market capitalization of $3.35 billion, a PE ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXW - Get Free Report) last announced 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 analysts' expectations of $618.63 million. During the same period in the prior year, the business posted $0.59 earnings per share. The business's revenue 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, analysts expect that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic declared that its board has initiated a share repurchase 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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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