Pentwater Capital Management LP Buys New Position in CoreCivic, Inc. $CXW

Pentwater Capital Management LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the real estate investment trust’s stock, valued at approximately $1,519,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in CoreCivic in the 2nd quarter valued at $480,557,000. Lee Danner & Bass Inc. raised its stake in shares of CoreCivic by 273.1% during the 1st 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 in the last quarter. Rubric Capital Management LP lifted its holdings in CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after acquiring an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. boosted its holdings in CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock worth $26,562,000 after buying an additional 987,375 shares in the last quarter. Finally, JB Capital Partners LP purchased a new position in shares of CoreCivic in the second quarter valued at $25,677,480,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Buying and Selling at CoreCivic

In related news, Director Mark A. Emkes sold 30,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 141,274 shares in the company, valued at $4,838,634.50. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anthony L. Grande sold 12,564 shares of CoreCivic stock in a transaction on 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 sale, the executive vice president owned 144,782 shares of the company’s stock, valued at $4,900,870.70. This represents a 7.98% decrease in their position. 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 quarter. 1.76% of the stock is currently owned by corporate insiders.

More CoreCivic News

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.

Analyst Ratings Changes

Several research firms have commented on CXW. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Benchmark lifted their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. UBS Group set a $35.00 target price on shares of CoreCivic in a research report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $37.00.

CoreCivic Trading Up 2.3%

NYSE CXW opened at $33.89 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $31.34 and its two-hundred day moving average price is $24.22. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating 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 firm had revenue of $684.92 million for the quarter, compared to the consensus estimate of $618.63 million. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, analysts anticipate 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 repurchase plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

CoreCivic Company 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.