CoreCivic (NYSE:CXW) CFO David Garfinkle Sells 50,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 50,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $33.76, for a total transaction of $1,688,000.00. Following the completion of the transaction, the chief financial officer owned 343,353 shares in the company, valued at approximately $11,591,597.28. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The shares were sold at an average price of $34.03, for a total transaction of $16,708.73.
• On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The stock was sold at an average price of $34.27, for a total transaction of $108,635.90.

CoreCivic Trading Down 3.7%

NYSE:CXW opened at $32.35 on Wednesday. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. 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 is $30.62 and its 200 day moving average is $23.60. The stock has a market capitalization of $3.20 billion, a PE ratio of 25.88 and a beta of 0.58.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business had revenue of $684.92 million during the quarter, compared to analyst estimates of $618.63 million. During the same period in the prior year, the company earned $0.59 earnings per share. CoreCivic’s revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Sell-side analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic declared that its Board of Directors has approved a share repurchase plan on Monday, August 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

CXW has been the topic of a number of research reports. Benchmark boosted their price objective on 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 target price on shares of CoreCivic in a research report on Tuesday, July 7th. JonesTrading reiterated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. Finally, Northland Securities set a $40.00 price target on shares of CoreCivic in a research note on Friday, June 26th. 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 an average target price of $37.00.

Institutional Trading of CoreCivic

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. grew its holdings in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of CoreCivic in the second quarter worth about $52,000. Leonteq Securities AG purchased a new stake in shares of CoreCivic in the fourth quarter worth about $57,000. Smartleaf Asset Management LLC boosted its position in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of CoreCivic by 320.7% in the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,546 shares during the period. 85.13% of the stock is currently owned by institutional investors.

CoreCivic News Roundup

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

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.