CoreCivic (NYSE:CXW) Director John Prann, Jr. Sells 22,298 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 22,298 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $34.00, for a total transaction of $758,132.00. Following the sale, the director owned 8,098 shares of the company’s stock, valued at $275,332. This trade represents a 73.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CoreCivic Stock Performance

CXW stock traded up $0.49 during trading on Friday, hitting $34.00. The company had a trading volume of 2,437,395 shares, compared to its average volume of 1,210,939. The firm has a market cap of $3.36 billion, a PE ratio of 27.20 and a beta of 0.58. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The firm has a 50-day moving average price of $30.86 and a 200-day moving average price of $23.79. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 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 during the quarter, compared to the consensus estimate of $618.63 million. During the same period in the prior year, the business earned $0.59 EPS. The firm’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. On average, analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its board has approved a stock buyback program on Monday, August 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of CoreCivic

Several hedge funds have recently modified their holdings of the business. NBC Securities Inc. grew its holdings in 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 period. Persistent Asset Partners Ltd acquired a new stake in CoreCivic in the second quarter valued at $52,000. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 702 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the 4th quarter worth $57,000. Finally, Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 2,546 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXW has been the topic of a number of analyst reports. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. JonesTrading reaffirmed a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Finally, Benchmark boosted their price target on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.