CoreCivic (NYSE:CXW) EVP Sells $27,234.00 in Stock

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

CoreCivic Stock Down 0.3%

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

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CXW. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. JonesTrading reiterated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research report on Wednesday, August 5th. Finally, Benchmark raised 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus target price of $37.00.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock valued at $1,207,000 after acquiring an additional 19,630 shares during the period. AQR Capital Management LLC lifted its holdings in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CoreCivic by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,828 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 18,411 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CoreCivic by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 4,977 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

More 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

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.