Insider Selling: CoreCivic (NYSE:CXW) EVP Sells $254,683.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 7,436 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $34.25, for a total transaction of $254,683.00. Following the completion of the transaction, the executive vice president owned 157,346 shares in the company, valued at $5,389,100.50. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CoreCivic Trading Down 0.5%

Shares of CoreCivic stock opened at $33.82 on Friday. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The company’s fifty day simple moving average is $31.44 and its 200-day simple moving average is $24.33. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $3.34 billion, a PE ratio of 27.06 and a beta of 0.58.

CoreCivic (NYSE:CXW) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping 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 revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, equities analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

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

CoreCivic News Summary

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: $500 million buyback: CoreCivic’s board authorized a repurchase program covering up to 15.7% of outstanding shares. The plan could reduce the share count, support future EPS and signals that management believes the stock is undervalued.
• Positive Sentiment: Institutional and analyst support: BlackRock established a position worth approximately $480.6 million, while other funds also increased their holdings. Analysts maintain a consensus “Buy” rating with an average price target of $37, above recent trading levels.
• Positive Sentiment: Strong recent operating results: CoreCivic’s latest quarterly EPS of $0.38 exceeded the $0.34 consensus, while revenue of $684.9 million surpassed the $618.6 million estimate and increased 27.3% year over year. Fiscal 2026 EPS guidance remains $2.61–$2.70. CoreCivic earnings and stock information
• Neutral Sentiment: Shares near a high: CXW remains well above its 50-day and 200-day moving averages and close to its 52-week high. The momentum is favorable, but the elevated valuation could increase sensitivity to profit-taking or weaker news.
• Negative Sentiment: Multiple insider sales: EVP Anthony Grande sold 12,564 shares on August 26 for roughly $425,000, following a sale of 7,436 shares on August 24. Director John R. Prann Jr. sold 3,098 shares for about $105,000, reducing his holdings by 38.3%, while Director Mark A. Emkes sold 30,000 shares for approximately $1.03 million. Although the executives retain sizable positions, the cluster of sales may raise concerns about insider conviction. CoreCivic insider sales report

Institutional Trading of CoreCivic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP bought a new position in CoreCivic in the 2nd quarter worth approximately $458,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of CoreCivic during the second quarter valued at approximately $1,970,000. AXQ Capital LP purchased a new position in shares of CoreCivic in the second quarter worth $933,000. Headlands Technologies LLC purchased a new position in shares of CoreCivic in the second quarter worth $472,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of CoreCivic by 2.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 208,562 shares of the real estate investment trust’s stock worth $6,336,000 after acquiring an additional 4,814 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JonesTrading reiterated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Wednesday, August 5th. Benchmark lifted their price target on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $37.00.

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.