18,200 CoreCivic, Inc. $CXW Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 33.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,964 shares of the real estate investment trust’s stock after selling 18,200 shares during the quarter. State of Alaska Department of Revenue’s holdings in CoreCivic were worth $1,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in CoreCivic in the second quarter worth $480,557,000. Lee Danner & Bass Inc. boosted its stake in CoreCivic by 273.1% during the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after buying an additional 1,590,940 shares during the period. Rubric Capital Management LP boosted its stake in CoreCivic by 5.0% during the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock worth $38,940,000 after buying an additional 97,770 shares during the period. Park West Asset Management LLC purchased a new position in CoreCivic during the second quarter worth $27,310,000. Finally, JB Capital Partners LP bought a new position in CoreCivic during the second quarter valued at $25,677,480. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Transactions at CoreCivic

In related news, Director Mark A. Emkes sold 30,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $4,838,634.50. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Jr sold 3,098 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total value of $105,332.00. Following the transaction, the director owned 5,000 shares in the company, valued at $170,000. The trade was a 38.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 459,287 shares of company stock valued at $15,431,193 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

CoreCivic Price Performance

CoreCivic stock opened at $30.29 on Wednesday. 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 stock has a market cap of $3.00 billion, a price-to-earnings ratio of 24.23 and a beta of 0.57. The firm has a 50-day moving average of $33.15 and a two-hundred day moving average of $28.23. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $36.55.

CoreCivic (NYSE:CXW) last issued its earnings results 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. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic declared that its board has initiated a share repurchase program on Monday, August 10th that permits the company to buy back $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Share buyback programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CXW. Benchmark increased their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a report on Friday, June 26th. JonesTrading reaffirmed a “buy” rating and set a $42.00 price target on shares of CoreCivic in a research note on Friday, September 18th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $39.40.

CoreCivic Company Profile

CoreCivic, Inc is a diversified government solutions company that owns, manages and develops correctional and detention facilities in the United States. The company provides detention and corrections services to federal, state and local government agencies, primarily under contracts that call for the housing and care of individuals in custody.

In addition to secure facilities, CoreCivic operates residential reentry centers and provides community-based services designed to support individuals transitioning from incarceration.