Headlands Technologies LLC Acquires Shares of 15,538 CoreCivic, Inc. $CXW

Headlands Technologies LLC acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,538 shares of the real estate investment trust’s stock, valued at approximately $472,000.

A number of other institutional investors also recently modified their holdings of CXW. Vanguard Group Inc. raised its position in CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after purchasing an additional 138,846 shares during the last quarter. BlackRock Inc. purchased a new stake in CoreCivic in the 2nd quarter worth approximately $480,557,000. KCM Capital Inc bought a new stake in shares of CoreCivic in the 1st quarter worth approximately $10,400,000. Empowered Funds LLC bought a new stake in shares of CoreCivic in the 1st quarter worth approximately $4,785,000. Finally, Caxton Associates LLP purchased a new position in shares of CoreCivic during the first quarter valued at approximately $310,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Emkes sold 30,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $34.25, for a total value of $1,027,500.00. Following the sale, the director directly owned 141,274 shares of the company’s stock, valued at $4,838,634.50. This represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony L. Grande sold 29,199 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.61, for a total transaction of $981,378.39. Following the completion of the transaction, the executive vice president owned 164,782 shares of the company’s stock, valued at approximately $5,538,323.02. The trade was a 15.05% 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 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

CXW has been the subject of a number of recent analyst reports. Noble Financial restated an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Northland Securities set a $40.00 price target on shares of CoreCivic in a report on Friday, June 26th. JonesTrading reissued a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. UBS Group set a $35.00 price objective on shares of CoreCivic in a report on Tuesday, July 7th. Finally, Benchmark raised their target price 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $37.00.

CoreCivic Stock Down 0.4%

CXW stock opened at $32.60 on Thursday. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $34.86. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 26.08 and a beta of 0.60. The business’s 50 day moving average price is $31.72 and its two-hundred day moving average price is $24.74. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.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 posted $0.59 EPS. 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. As a group, analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic announced that its Board of Directors has authorized a share buyback program 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 buy up to 15.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board 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.