Insider Selling: CoreCivic (NYSE:CXW) Director Sells $105,332.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 3,098 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $105,332.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $170,000. The trade was a 38.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CoreCivic Stock Up 0.1%

Shares of CXW opened at $33.82 on Friday. 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 company has a 50-day simple moving average of $31.54 and a 200-day simple moving average of $24.39. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86. The firm has a market capitalization of $3.34 billion, a P/E ratio of 27.06 and a beta of 0.58.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) 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 firm had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’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. On average, equities research analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

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

Hedge Funds Weigh In On CoreCivic

Several institutional investors have recently bought and sold shares of CXW. NBC Securities Inc. grew its holdings in shares of CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of CoreCivic in the second quarter valued at about $52,000. Leonteq Securities AG acquired a new position in CoreCivic during the 4th quarter worth about $57,000. Smartleaf Asset Management LLC lifted its position in CoreCivic by 33.0% during 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 in the last quarter. Finally, Fifth Third Bancorp grew its holdings in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CXW. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark upped 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. JonesTrading reissued a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average target price 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.