Summit Global Investments Takes $490,000 Position in CoreCivic, Inc. $CXW

Summit Global Investments 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 and Exchange Commission. The institutional investor acquired 16,139 shares of the real estate investment trust’s stock, valued at approximately $490,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in CoreCivic by 1.1% in 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 buying an additional 138,846 shares in the last quarter. River Road Asset Management LLC boosted its holdings in CoreCivic by 3.3% in the fourth quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after acquiring an additional 287,108 shares in the last quarter. Lee Danner & Bass Inc. boosted its holdings in CoreCivic by 273.1% in 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 acquiring an additional 1,590,940 shares in the last quarter. Rubric Capital Management LP grew its stake in CoreCivic by 5.0% in the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock valued at $38,940,000 after acquiring an additional 97,770 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after acquiring an additional 987,375 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 to $0.78 from $0.71, FY2026 to $2.70 from $2.61, and FY2027 to $3.62 from $3.19. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
• Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
• Negative Sentiment: Multiple insiders sold shares: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CXW. Benchmark upped their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. UBS Group set a $35.00 price target on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, Northland Securities set a $40.00 price objective on shares of CoreCivic in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic currently has an average rating of “Buy” and a consensus target price of $37.00.

CoreCivic Price Performance

CXW stock opened at $32.71 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 26.17 and a beta of 0.58. 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, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. The business has a 50-day simple moving average of $30.30 and a two-hundred day simple moving average of $23.36.

CoreCivic announced that its board has initiated a stock buyback program on Monday, August 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 15.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Lucibeth Mayberry sold 120,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 149,329 shares in the company, valued at $4,971,162.41. This trade represents a 44.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Prann, Jr. sold 30,000 shares of CoreCivic stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $32.21, for a total value of $966,300.00. Following the transaction, the director directly owned 70,396 shares in the company, valued at approximately $2,267,455.16. The trade was a 29.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 194,692 shares of company stock valued at $6,454,277. 1.76% of the stock is currently owned by company insiders.

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.