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

Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 479,235 shares of the real estate investment trust’s stock, valued at approximately $14,559,159,000. CoreCivic makes up approximately 2.9% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 4th biggest position.

Other large investors have also modified their holdings of the company. Bank of America Corp DE purchased a new stake in CoreCivic in the second quarter valued at $5,829,000. Jupiter Topco LLC acquired a new stake in shares of CoreCivic during the second quarter worth about $1,340,000. Hsbc Holdings PLC purchased a new stake in shares of CoreCivic in the 2nd quarter valued at about $544,000. Legal & General Group Plc acquired a new stake in shares of CoreCivic in the 2nd quarter valued at about $6,991,000. Finally, The Manufacturers Life Insurance Company purchased a new position in CoreCivic during the 2nd quarter worth approximately $1,458,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic News Roundup

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.

Analysts Set New Price Targets

CXW has been the subject of several research analyst reports. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Northland Securities set a $40.00 price target on shares of CoreCivic in a research note on Friday, June 26th. Benchmark raised their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, JonesTrading reaffirmed a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $37.00.

Insider Activity

In other news, Director John R. Prann, Jr. sold 3,098 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $34.00, for a total value of $105,332.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $170,000. This trade represents a 38.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony L. Grande sold 12,564 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total transaction of $425,291.40. Following the completion of the transaction, the executive vice president directly owned 144,782 shares of the company’s stock, valued at approximately $4,900,870.70. This trade represents a 7.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 439,287 shares of company stock worth $14,734,193 in the last three months. 1.76% of the stock is currently owned by company insiders.

CoreCivic Stock Performance

NYSE:CXW opened at $33.89 on Thursday. 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 firm has a market cap of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58. The firm’s fifty day moving average price is $31.34 and its 200 day moving average price is $24.22. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $618.63 million. During the same quarter last year, the business earned $0.59 EPS. The business’s 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, sell-side analysts expect that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic announced that its board has approved a stock repurchase plan on Monday, August 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About CoreCivic

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.