Anthony Grande Sells 12,564 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 12,564 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total value of $425,291.40. Following the sale, the executive vice president owned 144,782 shares of the company’s stock, valued at approximately $4,900,870.70. This trade represents a 7.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CoreCivic Stock Performance

CXW stock traded up $0.75 during trading on Wednesday, reaching $33.89. The stock had a trading volume of 1,917,951 shares, compared to its average volume of 1,214,758. The firm has a market cap of $3.35 billion, a PE ratio of 27.11 and a beta of 0.58. 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’s 50 day moving average is $31.23 and its two-hundred day moving average is $24.11. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $618.63 million. During the same period in the previous year, the company posted $0.59 EPS. The business’s quarterly 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. As a group, equities analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to purchase 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 stock is undervalued.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in CoreCivic by 49.2% during the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 19,630 shares during the period. AQR Capital Management LLC grew 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 buying an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CoreCivic by 4.6% during the first 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 buying an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CoreCivic by 2.3% in the first 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 worth $4,473,000 after buying an additional 4,977 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CXW has been the topic of several recent research reports. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Benchmark upped their price objective on CoreCivic from $41.00 to $45.00 and gave the stock 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, August 10th. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus 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.