SCHEDULE 13G/A: Cooper Creek Partners Management Discloses 5.56% Passive Stake in CoreCivic, Inc.
Beneficial Ownership Report
Cooper Creek Partners Management LLC has filed an amended Schedule 13G, revealing a passive beneficial ownership of 5.56% of CoreCivic, Inc.'s common stock as of December 31, 2024.
Summary
- Cooper Creek Partners Management LLC reported beneficial ownership of 6,127,227 shares of CoreCivic, Inc. common stock.
- This ownership represents 5.56% of CoreCivic, Inc.'s outstanding common stock.
- The filing indicates that Cooper Creek Partners Management LLC holds sole voting power and sole dispositive power over all 6,127,227 shares.
- The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of CoreCivic, Inc.
Sentiment
Score: 6
Explanation: The disclosure of a new significant passive stake by an institutional investor is generally viewed as a neutral to slightly positive signal, indicating investor confidence without implying activist intent.
Positives
- A significant institutional investor, Cooper Creek Partners Management LLC, has disclosed a substantial passive stake, which can be viewed as a vote of confidence in CoreCivic, Inc.
Management Comments
- Cooper Creek Partners Management LLC certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of CoreCivic, Inc.
Industry Context
This filing indicates continued institutional investment interest in CoreCivic, Inc., a major player in the U.S. private correctional and detention facility industry. Such passive stakes by investment firms are common and reflect portfolio positioning within the sector.
Stakeholder Impact
- Shareholders may view the disclosure of a new significant institutional investor as a positive signal, potentially increasing confidence in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which required the filing of this statement (reporting period end). |
| 02/14/2025 | Date the Schedule 13G/A statement was signed and filed. |
Keywords
CoreCivic, Cooper Creek Partners Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, CXW, Private Prisons, Correctional Facilities
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.