Philadelphia Financial Management of San Francisco LLC Takes $14.56 Billion Position in CoreCivic, Inc. $CXW

Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of CoreCivic, Inc. (NYSE:CXW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 479,235 shares of the real estate investment trust’s stock, valued at approximately $14,559,159,000. CoreCivic accounts for approximately 2.9% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 4th biggest holding. Philadelphia Financial Management of San Francisco LLC owned about 0.48% of CoreCivic at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in CoreCivic during the second quarter worth $5,829,000. Jupiter Topco LLC purchased a new position in shares of CoreCivic during the 2nd quarter worth $1,340,000. Hsbc Holdings PLC acquired a new stake in shares of CoreCivic during the 2nd quarter worth about $544,000. Legal & General Group Plc purchased a new stake in CoreCivic in the 2nd quarter valued at about $6,991,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in CoreCivic in the 2nd quarter valued at about $1,458,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXW. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. JonesTrading reiterated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Four equities research 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 target price of $37.00.

Insider Buying and Selling

In other CoreCivic news, EVP Lucibeth Mayberry sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total transaction of $3,994,800.00. Following the completion of the transaction, the executive vice president owned 149,329 shares in the company, valued at $4,971,162.41. The trade was a 44.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John R. Prann, Jr. sold 40,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.54, for a total transaction of $1,341,600.00. Following the completion of the sale, the director directly owned 30,396 shares in the company, valued at approximately $1,019,481.84. This represents a 56.82% 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 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

CoreCivic Price Performance

Shares of NYSE CXW opened at $33.89 on Thursday. The stock’s 50-day moving average is $31.34 and its two-hundred day moving average is $24.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business 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 business’s quarterly revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.

CoreCivic announced that its Board of Directors has initiated a share buyback program on Monday, August 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

CoreCivic 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.