John Prann, Jr. Sells 3,098 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 3,098 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total value of $105,332.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $170,000. This trade represents a 38.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CoreCivic Stock Performance

CXW opened at $33.82 on Friday. The business has a fifty day simple moving average of $31.44 and a 200 day simple moving average of $24.33. The company has a market capitalization of $3.34 billion, a PE ratio of 27.06 and a beta of 0.58. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86. 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 (NYSE:CXW) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The firm had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. During the same period in the prior year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Research analysts expect that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic declared that its board has approved a stock buyback plan on Monday, August 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark boosted their price target on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Finally, Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $37.00.

Hedge Funds Weigh In On CoreCivic

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

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

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.