Insider Selling: CoreCivic (NYSE:CXW) Director Sells $241,400.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Thurgood Marshall, Jr. sold 7,100 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.00, for a total value of $241,400.00. Following the completion of the transaction, the director owned 45,274 shares in the company, valued at approximately $1,539,316. This trade represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CoreCivic Stock Performance

CoreCivic stock traded up $1.11 during mid-day trading on Friday, reaching $32.71. 1,803,428 shares of the stock traded hands, compared to its average volume of 1,197,325. The stock has a market capitalization of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86. The business’s 50-day moving average is $30.12 and its 200-day moving average is $23.30.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CXW shares. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research note on Monday. UBS Group set a $35.00 target price on shares of CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark increased their price target on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.00.

Institutional Investors Weigh In On CoreCivic

Institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its position 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 acquiring an additional 1,228 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in CoreCivic during the second quarter valued at $52,000. Leonteq Securities AG bought a new stake in CoreCivic in the 4th quarter valued at $57,000. Smartleaf Asset Management LLC increased its holdings in CoreCivic by 33.0% in the 2nd 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 last quarter. Finally, Fifth Third Bancorp lifted its stake in CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic News Summary

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

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.