CoreCivic, Inc. $CXW Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 781.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,351 shares of the real estate investment trust’s stock after purchasing an additional 81,874 shares during the period. Fox Run Management L.L.C.’s holdings in CoreCivic were worth $1,946,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of CoreCivic by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 12,215,492 shares of the real estate investment trust’s stock worth $247,852,000 after buying an additional 267,198 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in CoreCivic by 0.5% during the second quarter. Allianz Asset Management GmbH now owns 1,631,483 shares of the real estate investment trust’s stock worth $34,375,000 after acquiring an additional 8,683 shares during the period. Wellington Management Group LLP grew its holdings in CoreCivic by 35.4% during the first quarter. Wellington Management Group LLP now owns 1,073,573 shares of the real estate investment trust’s stock worth $21,783,000 after acquiring an additional 280,495 shares during the period. Invenomic Capital Management LP raised its position in CoreCivic by 99.5% in the first quarter. Invenomic Capital Management LP now owns 907,390 shares of the real estate investment trust’s stock worth $18,411,000 after acquiring an additional 452,559 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in CoreCivic in the first quarter valued at $18,186,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Buying and Selling at CoreCivic

In related news, EVP Anthony L. Grande sold 22,500 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $21.18, for a total value of $476,550.00. Following the completion of the transaction, the executive vice president directly owned 135,559 shares in the company, valued at approximately $2,871,139.62. This represents a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thurgood Marshall, Jr. sold 6,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total value of $123,120.00. Following the transaction, the director owned 44,023 shares in the company, valued at $903,351.96. This trade represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,000 shares of company stock valued at $1,042,545 over the last quarter. 2.30% of the stock is currently owned by insiders.

CoreCivic Price Performance

CoreCivic stock opened at $16.90 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 17.97 and a beta of 0.68. CoreCivic, Inc. has a 12-month low of $16.02 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60. The firm’s 50-day moving average is $19.45 and its two-hundred day moving average is $20.64.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The business had revenue of $580.44 million during the quarter, compared to analyst estimates of $544.38 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. CoreCivic has set its FY 2025 guidance at 1.940-2.000 EPS. Equities analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CXW shares. Jones Trading reaffirmed a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of CoreCivic in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of CoreCivic from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

CoreCivic Company Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.