CORECIVIC INC Reports $490,000 Lobbying Activity in Q1 2025

CORECIVIC INC has disclosed $490,000 in lobbying expenditures for the first quarter of 2025 via a new Lobbying Disclosure Act filing. This amount highlights the company’s active engagement on significant issues affecting the private detention industry.

Lobbying Focus Areas

The lobbying activities covered crucial topics including:

• Construction, management, and acquisition of privately-operated prisons and detention facilities.
• Financial industry practices, including the H.R. 987/S. 401, known as the Fair Access to Banking Act.
• Matters concerning the FY25 budget and appropriations process, along with budget reconciliation.

Notably, CORECIVIC INC emphasizes that it does not lobby for or against any legislation that determines the basis for individual incarceration or detention.

Insider Trading Activity for CXW

In recent months, insiders at CORECIVIC, trading under the ticker CXW, executed 18 transactions in open markets, all of which were sales with no purchases reported.

Recent insider trading includes:

• DAVID K CHURCHILL (Chief Human Resources Officer) sold 73,940 shares for approximately $1,514,501.
• DAVID GARFINKLE (EVP & Chief Financial Officer) sold 50,000 shares valued around $1,210,000.
• COLE G. CARTER (EVP, General Counsel) sold 48,000 shares for roughly $931,760.
• HARLEY G. LAPPIN sold 34,595 shares for about $822,065.
• ANTHONY L GRANDE (EVP, Chief Development Officer) sold 26,000 shares valued at approximately $576,680.
• ROBERT J DENNIS sold 20,000 shares for around $440,088.
• MARK A EMKES sold 16,000 shares valued at about $363,200.
• DEVIN IGNATIUS MURPHY sold 15,468 shares for approximately $348,030.
• ANNE L MARIUCCI sold 10,000 shares valued at about $240,000.
• THURGOOD JR MARSHALL sold 5,000 shares for around $106,850.
• STACIA HYLTON sold 1,800 shares for approximately $38,466.

For more detailed tracking of insider transactions, visit Quiver Quantitative’s insider trading dashboard.

Institutional Investor Activity

In the latest quarter, 119 institutional investors have increased their stake in CXW stock, while 104 have reduced their positions.

Among the significant recent moves:

• MORGAN STANLEY divested 1,105,771 shares (-36.8%) for approximately $24,039,461.
• FMR LLC decreased its holdings by 1,061,838 shares (-20.7%) for an estimated $23,084,358.
• MILLENNIUM MANAGEMENT LLC added 642,470 shares (+103.7%) with an investment valued around $13,967,297.
• JANE STREET GROUP, LLC cut 636,242 shares (-62.9%) from its portfolio valued at about $13,831,901.
• ABRDN PLC removed 612,800 shares (-59.4%) for an estimated $13,322,271.
• INVENOMIC CAPITAL MANAGEMENT LP decreased its position by 571,219 shares (-55.7%) for around $12,418,301.
• COOPER CREEK PARTNERS MANAGEMENT LLC added 553,336 shares (+9.9%), valued at approximately $12,029,524.

For further insights into hedge funds’ stock portfolios, check the institutional holdings dashboard on Quiver Quantitative.

Analyst Insights on CXW

In recent analyst evaluations, reports indicate that one firm has issued a buy rating while there are no sell ratings for CXW stock.

Recent analyst activity includes:

• Wedbush provided an “Outperform” rating on December 10, 2024.

For tracking analyst ratings and price targets on CXW, refer to Quiver Quantitative’s forecast page.

This article is not financial advice. Please review Quiver Quantitative’s disclaimers for further details.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.