CoreCivic (NYSE:CXW) EVP Anthony Grande Sells 801 Shares

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 801 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $34.00, for a total value of $27,234.00. Following the transaction, the executive vice president owned 193,981 shares of the company’s stock, valued at approximately $6,595,354. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CoreCivic Stock Up 3.5%

CXW stock opened at $32.71 on Friday. 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 has a 50 day simple moving average of $30.30 and a 200-day simple moving average of $23.36. The company has a market capitalization of $3.23 billion, a P/E ratio of 26.17 and a beta of 0.58. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $34.86.

CoreCivic declared that its board has approved a share buyback plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research note on Monday. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Northland Securities set a $40.00 target price on CoreCivic in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $37.00.

Hedge Funds Weigh In On CoreCivic

A number of large investors have recently bought and sold shares of the business. 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 valued at $28,000 after purchasing an additional 1,228 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of CoreCivic in the 2nd quarter worth about $52,000. Leonteq Securities AG bought a new stake in shares of CoreCivic during the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 702 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in CoreCivic by 320.7% in the fourth 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 during the period. Institutional investors own 85.13% of the company’s stock.

Key Headlines Impacting CoreCivic

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.