Insider Selling: CoreCivic (NYSE:CXW) CFO Sells 3,170 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 3,170 shares of CoreCivic stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $34.27, for a total transaction of $108,635.90. Following the completion of the transaction, the chief financial officer owned 394,444 shares of the company’s stock, valued at $13,517,595.88. This represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

David Garfinkle also recently made the following trade(s):

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The shares were sold at an average price of $34.03, for a total transaction of $16,708.73.

CoreCivic Stock Down 5.8%

Shares of CXW traded down $1.95 during midday trading on Thursday, reaching $31.66. The stock had a trading volume of 1,823,009 shares, compared to its average volume of 1,193,389. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The company’s fifty day simple moving average is $29.94 and its two-hundred day simple moving average is $23.21. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 25.32 and a beta of 0.58. 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 announced that its board has authorized a share buyback plan on Monday, August 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Raised earnings forecasts: Noble Financial increased its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 to $0.78 from $0.71, FY2026 to $2.70 from $2.61 and FY2027 to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling stronger confidence in CoreCivic’s earnings outlook. Q3 Earnings Estimate for CoreCivic Issued by Noble Financial
• Positive Sentiment: $500 million buyback: CoreCivic’s board authorized repurchases of up to $500 million, potentially covering approximately 15.7% of outstanding shares. The program could support per-share earnings and stock demand, while indicating that management views the shares as undervalued. CoreCivic Board Announces Share Repurchase Program
• Neutral Sentiment: Favorable ratings but elevated expectations: CoreCivic retains an overall “Buy” consensus, with a reported average price target of $37 and recent targets as high as $45. However, the stock is already well above its 50-day and 200-day moving averages, which may make investors more sensitive to disappointing news.
• Negative Sentiment: Heavy insider selling: Executive Vice President Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares valued at about $274,000. The transactions do not necessarily indicate deteriorating fundamentals, but their size and timing can pressure sentiment after the stock’s strong advance. CoreCivic Insider Buying and Selling

Hedge Funds Weigh In On CoreCivic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,228 shares during the period. Persistent Asset Partners Ltd acquired a new position in shares of CoreCivic in the second quarter valued at approximately $52,000. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the fourth quarter worth approximately $57,000. Smartleaf Asset Management LLC raised its stake in shares of 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 worth $59,000 after purchasing an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CXW shares. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday. Northland Securities set a $40.00 price objective on CoreCivic in a report on Friday, June 26th. JonesTrading restated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research report on Wednesday, August 5th. Finally, Benchmark lifted their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.00.

About CoreCivic

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.