Thurgood Marshall Jr Sells 7,100 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director Thurgood Marshall, Jr. sold 7,100 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $34.00, for a total value of $241,400.00. Following the completion of the sale, the director directly owned 45,274 shares in the company, valued at approximately $1,539,316. This represents a 13.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreCivic Stock Up 3.5%

Shares of CoreCivic stock traded up $1.11 during midday trading on Friday, hitting $32.71. The company had a trading volume of 1,803,428 shares, compared to its average volume of 1,197,325. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $3.23 billion, a P/E ratio of 26.17 and a beta of 0.58. The company has a 50 day moving average of $30.12 and a 200 day moving average of $23.30. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of CoreCivic by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 510 shares during the last quarter. State of Wyoming raised its position in CoreCivic by 3.1% in the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 659 shares during the last quarter. Smartleaf Asset Management LLC raised its position in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares during the last quarter. Bessemer Group Inc. lifted its stake in CoreCivic by 0.4% during the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after acquiring an additional 742 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in CoreCivic by 10.4% during the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,002 shares during the period. 85.13% of the stock is owned by institutional investors.

Key Headlines Impacting CoreCivic

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CXW. JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Benchmark raised their price objective 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. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a report on Monday. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday. 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average 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.