CoreCivic (NYSE:CXW) Director John Prann, Jr. Sells 30,000 Shares

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 30,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was 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 $2,267,455.16. The trade was a 29.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CoreCivic Stock Performance

Shares of CXW stock opened at $32.71 on Friday. The stock has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The stock has a 50-day moving average of $30.30 and a 200-day moving average of $23.36. 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 one year low of $15.73 and a one year high of $34.86.

CoreCivic declared that its Board of Directors has initiated a share buyback plan on Monday, August 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of 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 acquiring an additional 510 shares in the last quarter. State of Wyoming lifted its position in shares of CoreCivic by 3.1% in the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 659 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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. Bessemer Group Inc. boosted its holdings in CoreCivic by 0.4% during the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock worth $3,148,000 after purchasing an additional 742 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in 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 purchasing an additional 1,002 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Key CoreCivic News

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

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.