CoreCivic (NYSE:CXW) Director Sells $727,496.64 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Harley Lappin sold 22,032 shares of CoreCivic stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $33.02, for a total transaction of $727,496.64. Following the completion of the sale, the director directly owned 53,328 shares of the company’s stock, valued at approximately $1,760,890.56. The trade was a 29.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CoreCivic Trading Down 0.3%

Shares of NYSE:CXW opened at $32.71 on Monday. 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 stock has a market capitalization of $3.23 billion, a PE ratio of 26.17 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 firm has a fifty day moving average price of $30.30 and a 200 day moving average price of $23.39.

CoreCivic announced that its Board of Directors has authorized 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after purchasing an additional 138,846 shares during the period. Lee Danner & Bass Inc. lifted its stake in shares of CoreCivic by 20.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust’s stock valued at $11,133,000 after buying an additional 97,413 shares during the period. KCM Capital Inc bought a new stake in shares of CoreCivic in the first quarter valued at about $10,400,000. Empowered Funds LLC acquired a new stake in CoreCivic during the first quarter worth about $4,785,000. Finally, Caxton Associates LLP acquired a new stake in CoreCivic during the first quarter worth about $310,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Key Stories 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

CXW has been the topic of a number of recent analyst reports. JonesTrading reissued a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Wednesday, August 5th. Benchmark upped their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Finally, Northland Securities set a $40.00 price objective on shares of CoreCivic in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $37.00.

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.