Anthony Grande Sells 801 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 801 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.00, for a total value of $27,234.00. Following the completion of the transaction, the executive vice president directly owned 193,981 shares in the company, valued at approximately $6,595,354. This represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CoreCivic Stock Performance

CXW stock traded up $1.11 during mid-day trading on Friday, hitting $32.71. The company had a trading volume of 1,803,428 shares, compared to its average volume of 1,197,325. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The stock’s fifty day moving average price is $30.12 and its two-hundred day moving average price is $23.30.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CXW shares. UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. JonesTrading reiterated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research report on Wednesday, August 5th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average price target of $37.00.

CoreCivic News Summary

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted 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. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
• Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
• Negative Sentiment: Multiple insiders sold shares: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales

Institutional Trading of CoreCivic

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. increased its holdings in shares of CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in CoreCivic during the 2nd quarter valued at $52,000. Leonteq Securities AG bought a new position in shares of CoreCivic during the 4th quarter valued at $57,000. Smartleaf Asset Management LLC boosted its stake in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of CoreCivic by 320.7% in the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares during the period. Institutional investors own 85.13% of the company’s stock.

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.