CoreCivic (NYSE:CXW) Director John Prann, Jr. Sells 22,298 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 22,298 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $34.00, for a total transaction of $758,132.00. Following the transaction, the director owned 8,098 shares of the company’s stock, valued at approximately $275,332. The trade was a 73.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

CoreCivic Stock Performance

NYSE:CXW opened at $34.00 on Friday. The firm has a market capitalization of $3.36 billion, a PE ratio of 27.20 and a beta of 0.58. The business’s fifty day moving average price is $31.00 and its 200 day moving average price is $23.86. 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, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.CoreCivic’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, sell-side analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic announced that its Board of Directors has authorized a stock repurchase program on Monday, August 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Trading of CoreCivic

A number of large investors have recently made changes to their positions in CXW. PNC Financial Services Group Inc. grew its stake in CoreCivic by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 510 shares during the last quarter. State of Wyoming increased its stake in CoreCivic by 3.1% in the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 659 shares during the period. Smartleaf Asset Management LLC increased its stake in CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the period. Bessemer Group Inc. raised its holdings in shares of CoreCivic by 0.4% in the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 742 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of CoreCivic by 10.4% in the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,002 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CXW shares. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Noble Financial restated an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. JonesTrading restated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $37.00.

CoreCivic Company Profile

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.