CenterBook Partners LP Cuts Position in CoreCivic, Inc. $CXW

CenterBook Partners LP reduced its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 82.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,016 shares of the real estate investment trust’s stock after selling 254,971 shares during the quarter. CenterBook Partners LP’s holdings in CoreCivic were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CXW. Advisors Asset Management Inc. purchased a new position in CoreCivic in the second quarter valued at about $25,000. Covestor Ltd raised its stake in shares of CoreCivic by 31,516.7% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,891 shares in the last quarter. CWM LLC lifted its position in CoreCivic by 80.1% during the second quarter. CWM LLC now owns 2,186 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 972 shares during the last quarter. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 702 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in CoreCivic in the third quarter valued at approximately $151,000. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

CXW has been the topic of several recent analyst reports. JonesTrading reaffirmed a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research report on Friday, February 13th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

More CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Zacks Research raised near‑term and FY‑2026 earnings estimates (Q1: $0.56, Q2: $0.63, Q3: $0.67, Q4: $0.68; FY: $2.54), implying stronger underlying profitability than current consensus — this could support upside if execution matches forecasts. Zacks Research estimates
• Positive Sentiment: Analyst commentary argues momentum in CoreCivic’s business is not fully reflected in the share price, highlighting potential upside if contract wins and margin improvements continue. That note may attract buyers looking for a recovery play. CXW: Momentum Continues But Not Fully Reflected in Shares
• Positive Sentiment: CoreCivic was listed among “undervalued” commercial services stocks by an investor publication, which can draw value‑oriented buyers if the company sustains cash flow and dividend stability. 4 Undervalued Commercial Services & Supplies Stocks
• Neutral Sentiment: Noble Financial issued a Q1 earnings forecast for CoreCivic; guidance messages from boutique/independent shops tend to move short‑term expectations but usually carry less market weight than major broker revisions. Monitor if larger houses follow. Q1 Earnings Forecast for CoreCivic Issued By Noble Financial
• Neutral Sentiment: Coverage of the Q4 earnings call highlighted several analyst questions on contract renewals, margins and capital allocation — useful for investors assessing execution risk but not an immediate catalyst. 5 revealing analyst questions from CoreCivic’s Q4 earnings call
• Negative Sentiment: Sector‑wide selling that hit GEO and CoreCivic today is being tied to investor concerns about contract risk (ICE/DHS exposure), political/regulatory headlines and clobbered sentiment after the recent EPS miss — this likely explains the heavier selloff and elevated volume. GEO Group and CoreCivic stocks are getting beaten up today – why such a selloff?
• Negative Sentiment: An opinion piece opposing reopening a CoreCivic‑operated facility in Leavenworth highlights reputational and local political risks; renewed opposition can pressure stock if it leads to lost contracts or slower expansions. Don’t bring ICE abuse to Leavenworth by reopening CoreCivic prison | Opinion

CoreCivic Stock Down 10.4%

NYSE:CXW opened at $16.73 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.41. The company’s fifty day moving average price is $19.12 and its 200-day moving average price is $19.17. CoreCivic, Inc. has a 1-year low of $15.95 and a 1-year high of $23.54. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.49 and a beta of 0.71.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). The business had revenue of $603.95 million during the quarter, compared to analysts’ expectations of $585.12 million. CoreCivic had a net margin of 5.27% and a return on equity of 8.17%. CoreCivic’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.

CoreCivic declared that its Board of Directors has initiated a share buyback plan on Monday, November 10th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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.