Anthony Grande Sells 29,199 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 29,199 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $33.61, for a total transaction of $981,378.39. Following the completion of the sale, the executive vice president owned 164,782 shares in the company, valued at $5,538,323.02. This represents a 15.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CoreCivic Price Performance

CoreCivic stock opened at $32.35 on Wednesday. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average is $30.62 and its 200 day moving average is $23.60. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 25.88 and a beta of 0.58.

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, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $684.92 million during the quarter, compared to analysts’ expectations of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Sell-side analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.

CoreCivic announced that its Board of Directors has authorized a stock buyback program on Monday, August 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Recent coverage points to new contracts for CoreCivic, which could improve facility utilization, revenue visibility and long-term cash flow. What Do New Contracts Mean for CoreCivic?
• Positive Sentiment: The board recently authorized a $500 million stock-repurchase program, allowing CoreCivic to buy back as much as 15.7% of its outstanding shares. Buybacks can support earnings per share and signal management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains constructive: CoreCivic has a consensus “Buy” rating and an average price target of $37, while Benchmark recently raised its target to $45.
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with EPS of $0.38 versus a $0.34 consensus estimate and revenue of $684.9 million versus expectations of $618.6 million. Revenue increased 27.3% year over year, and fiscal 2026 EPS guidance remains $2.61–$2.70.
• Neutral Sentiment: Institutional ownership is high at approximately 85%, with several investment firms increasing their positions during the first quarter. This indicates continued institutional interest but does not eliminate near-term volatility.
• Negative Sentiment: Multiple insiders sold shares on August 17: CFO David Garfinkle sold 50,000 shares for approximately $1.69 million, Director John R. Prann Jr. sold 40,000 shares for about $1.34 million, and EVP Anthony Grande sold 29,199 shares for roughly $981,000. The transactions materially reduced their individual holdings and may be interpreted as a near-term confidence signal, particularly with CXW trading near its 52-week high. SEC insider transaction filing

Institutional Trading of CoreCivic

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 19,630 shares during the period. AQR Capital Management LLC boosted its holdings in CoreCivic by 69.8% during the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after acquiring an additional 11,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CoreCivic by 4.6% during the 1st 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 acquiring an additional 2,828 shares during the period. Jones Financial Companies Lllp grew its position in CoreCivic by 3,884.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 18,411 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CoreCivic by 2.3% in the 1st 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 valued at $4,473,000 after acquiring an additional 4,977 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Northland Securities set a $40.00 target price on CoreCivic in a report on Friday, June 26th. 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 target on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.