CoreCivic (NYSE:CXW) CFO David Garfinkle Sells 3,170 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 3,170 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $34.27, for a total transaction of $108,635.90. Following the sale, the chief financial officer owned 394,444 shares of the company’s stock, valued at $13,517,595.88. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Garfinkle also recently made the following trade(s):

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The stock was sold at an average price of $34.03, for a total transaction of $16,708.73.

CoreCivic Price Performance

CXW stock opened at $31.66 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $30.12 and its two-hundred day moving average price is $23.30. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 25.32 and a beta of 0.58. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86.

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

Analysts Set New Price Targets

Several research firms recently weighed in on CXW. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark lifted their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. UBS Group set a $35.00 price target on shares of CoreCivic in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $37.00.

Institutional Investors Weigh In On CoreCivic

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of CoreCivic during the second quarter valued at approximately $480,557,000. Lee Danner & Bass Inc. lifted its stake in shares of CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after buying an additional 1,590,940 shares in the last quarter. Rubric Capital Management LP grew its holdings in shares of CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after buying an additional 1,146,166 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in CoreCivic by 361.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after acquiring an additional 987,375 shares in the last quarter. Finally, JB Capital Partners LP purchased a new stake in CoreCivic during the 2nd quarter valued at $25,677,480,000. Institutional investors own 85.13% of the company’s stock.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble raises earnings forecasts: Noble Financial increased its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 EPS to $0.78 from $0.71, FY2026 EPS to $2.70 from $2.61, and FY2027 EPS to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling stronger expectations for CoreCivic’s profitability. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million share repurchase authorized: CoreCivic’s board approved a buyback program that could repurchase up to approximately 15.7% of outstanding shares. The authorization may support per-share earnings and suggests management views the stock as undervalued. CoreCivic board announces share repurchase program
• Neutral Sentiment: Analyst confidence is improving, but expectations are elevated: Noble’s revised estimates exceed the broader full-year consensus, while CoreCivic’s shares remain close to their 52-week high. Investors may expect upcoming results to validate the higher forecasts.
• Negative Sentiment: Executive selling weighs on sentiment: EVP Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct ownership by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth about $274,000, cutting his stake by 11.26%. CoreCivic insider sales
• Negative Sentiment: CFO also trimmed holdings: CFO David Garfinkle sold a combined 3,661 shares for roughly $125,000 across August 12 and 13. The sales were small relative to his remaining stake, but multiple insider transactions can reinforce concerns about near-term valuation or profit-taking.

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.