Pentwater Capital Management LP Invests $1.52 Million in CoreCivic, Inc. $CXW

Pentwater Capital Management LP acquired a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 50,000 shares of the real estate investment trust's stock, valued at approximately $1,519,000. Pentwater Capital Management LP owned approximately 0.05% of CoreCivic at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CXW. 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 valued at $28,000 after acquiring an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in CoreCivic during the 2nd quarter valued at $52,000. Leonteq Securities AG bought a new stake in shares of CoreCivic in the fourth quarter worth about $57,000. Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 702 shares during the period. Finally, Fifth Third Bancorp raised its stake in 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 buying an additional 2,546 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $33.96, for a total value of $1,698,000.00. Following the completion of the transaction, the chief financial officer directly owned 293,353 shares of the company's stock, valued at approximately $9,962,267.88. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Emkes sold 30,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,027,500.00. Following the sale, the director directly owned 141,274 shares in the company, valued at approximately $4,838,634.50. The trade was a 17.52% 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 90 days. Company insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CXW. Weiss Ratings raised shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 1st. Wall Street Zen raised CoreCivic from a "hold" rating to a "buy" rating in a report on Monday, August 10th. JonesTrading reiterated a "buy" rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. UBS Group set a $35.00 price objective on CoreCivic in a research report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $37.00.

Trending Headlines about 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 Up 2.3%

Shares of CXW 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. The firm has a market capitalization of $3.35 billion, a P/E ratio of 27.11 and a beta of 0.58. The firm has a fifty day moving average price of $31.34 and a 200-day moving average price of $24.22. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share 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 company had revenue of $684.92 million during the quarter, compared to analyst estimates of $618.63 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm'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. Equities research analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

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

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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