Park West Asset Management LLC Makes New Investment in CoreCivic, Inc. $CXW

Park West Asset Management LLC acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 898,947 shares of the real estate investment trust's stock, valued at approximately $27,310,000. CoreCivic accounts for 1.9% of Park West Asset Management LLC's portfolio, making the stock its 23rd biggest position. Park West Asset Management LLC owned approximately 0.91% of CoreCivic as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in CoreCivic in the second quarter valued at about $480,557,000. Lee Danner & Bass Inc. boosted its holdings in shares of CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust's stock worth $41,101,000 after acquiring an additional 1,590,940 shares in the last quarter. Rubric Capital Management LP boosted its holdings in shares of CoreCivic by 140.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust's stock worth $39,915,000 after acquiring an additional 1,146,166 shares in the last quarter. Balyasny Asset Management L.P. grew its position in CoreCivic by 361.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust's stock worth $26,562,000 after acquiring an additional 987,375 shares during the last quarter. Finally, JB Capital Partners LP acquired a new stake in CoreCivic during the 2nd quarter valued at $25,677,480,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Key Stories Impacting CoreCivic

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.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $33.89 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The stock's fifty day simple moving average is $31.34 and its 200 day simple moving average is $24.22. The company 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 issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. During the same period last year, the business posted $0.59 earnings per share. The firm's quarterly revenue was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts predict that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic declared that its Board of Directors has authorized a stock buyback plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Noble Financial reiterated an "outperform" rating on shares of CoreCivic in a research report on Monday, August 10th. JonesTrading reaffirmed a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Finally, Benchmark raised their price target on shares of CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic currently has an average rating of "Buy" and an average price target of $37.00.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer directly owned 293,353 shares of the company's stock, valued at $9,962,267.88. The trade was a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Anthony L. Grande sold 12,564 shares of CoreCivic stock in a transaction dated 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 approximately $4,900,870.70. This represents a 7.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 439,287 shares of company stock valued at $14,734,193 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

CoreCivic 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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