CoreCivic (NYSE:CXW) Director Sells $966,300.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 30,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $32.21, for a total value of $966,300.00. Following the transaction, the director owned 70,396 shares of the company’s stock, valued at approximately $2,267,455.16. The trade was a 29.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $32.71 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average is $30.30 and its two-hundred day moving average is $23.39. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86. The company has a market capitalization of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58.

CoreCivic declared that its board has approved a share buyback program on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

CXW has been the topic of a number of research analyst reports. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Finally, JonesTrading restated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $37.00.

Trending Headlines about CoreCivic

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

Several hedge funds and other institutional investors have recently bought and sold shares of CXW. BlackRock Inc. purchased a new stake in shares of CoreCivic during the 2nd quarter worth $480,557,000. Vanguard Group Inc. boosted its position in CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after purchasing an additional 138,846 shares in the last quarter. River Road Asset Management LLC grew its stake in CoreCivic by 3.3% in the fourth quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock valued at $171,574,000 after purchasing an additional 287,108 shares during the last quarter. Lee Danner & Bass Inc. grew its stake in CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares during the last quarter. Finally, Rubric Capital Management LP raised its holdings in CoreCivic by 5.0% in the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock worth $38,940,000 after purchasing an additional 97,770 shares in the last quarter. 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.