Philadelphia Financial Management of San Francisco LLC Acquires New Position in CoreCivic, Inc. $CXW

Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 479,235 shares of the real estate investment trust’s stock, valued at approximately $14,559,159. CoreCivic accounts for 0.0% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 4th biggest position. Philadelphia Financial Management of San Francisco LLC owned approximately 0.48% of CoreCivic as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CXW. NBC Securities Inc. boosted its position in shares of CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares during the period. Persistent Asset Partners Ltd purchased a new position in shares of CoreCivic during the 2nd quarter worth approximately $52,000. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC boosted its position 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 worth $59,000 after acquiring an additional 702 shares during the period. Finally, Fifth Third Bancorp grew its position in CoreCivic by 320.7% during the fourth 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 in the last quarter. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CXW shares. Benchmark increased their price objective on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, JonesTrading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $37.00.

CoreCivic Trading Up 0.1%

CXW stock traded up $0.03 during trading on Friday, hitting $33.82. 1,074,175 shares of the company traded hands, compared to its average volume of 1,215,538. The company has a 50-day moving average of $31.44 and a 200-day moving average of $24.33. The firm has a market capitalization of $3.34 billion, a PE ratio of 27.06 and a beta of 0.58. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. During the same period last year, the company earned $0.59 earnings per share. The business’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. Analysts predict that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic declared that its board has approved a stock buyback 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 buy up to 15.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other CoreCivic news, Director Mark A. Emkes sold 30,000 shares of CoreCivic stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $34.25, for a total value of $1,027,500.00. Following the transaction, the director owned 141,274 shares in the company, valued at $4,838,634.50. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lucibeth Mayberry sold 120,000 shares of CoreCivic stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $33.29, for a total value of $3,994,800.00. Following the completion of the sale, the executive vice president directly owned 149,329 shares of the company’s stock, valued at approximately $4,971,162.41. This trade represents a 44.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 439,287 shares of company stock worth $14,734,193. 1.76% of the stock is owned by company 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.