VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.97 Million in CoreCivic, Inc. $CXW

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CoreCivic, Inc. (NYSE:CXW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 64,850 shares of the real estate investment trust’s stock, valued at approximately $1,970,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CXW. Persistent Asset Partners Ltd acquired a new position in shares of CoreCivic during the 2nd quarter valued at $52,000. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the last quarter. Leonteq Securities AG bought a new stake in CoreCivic during the fourth quarter worth approximately $57,000. Kestra Advisory Services LLC bought a new stake in CoreCivic during the fourth quarter worth approximately $71,000. Finally, Public Employees Retirement System of Ohio acquired a new position in CoreCivic in the second quarter worth approximately $120,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 1.5%

NYSE CXW opened at $34.93 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $35.30. The firm’s fifty day simple moving average is $32.28 and its 200-day simple moving average is $25.48. The company has a market capitalization of $3.45 billion, a PE ratio of 27.95 and a beta of 0.60.

CoreCivic (NYSE:CXW) last issued 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 firm had revenue of $684.92 million for the quarter, compared to the consensus estimate of $618.63 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. 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. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic announced that its board has initiated a stock repurchase plan on Monday, August 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at CoreCivic

In related news, CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $33.96, for a total value of $1,698,000.00. Following the completion of the sale, the chief financial officer owned 293,353 shares of the company’s stock, valued at approximately $9,962,267.88. The trade was a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director R Jr sold 3,098 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 represents a 38.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 459,287 shares of company stock worth $15,431,193 over the last quarter. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CXW. Benchmark upped their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Four 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.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.

Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.