CoreCivic (NYSE:CXW) EVP Sells 20,000 Shares

CoreCivic, Inc. (NYSE:CXW) EVP Daren Swenson sold 20,000 shares of CoreCivic stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $34.85, for a total transaction of $697,000.00. Following the completion of the transaction, the executive vice president directly owned 142,666 shares in the company, valued at approximately $4,971,910.10. This represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CoreCivic Stock Performance

Shares of CoreCivic stock traded up $0.52 on Friday, reaching $34.93. The stock had a trading volume of 2,768,650 shares, compared to its average volume of 1,248,695. 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 business’s 50-day moving average price is $32.20 and its two-hundred day moving average price is $25.41. The stock has a market cap of $3.45 billion, a P/E ratio of 27.95 and a beta of 0.60. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $35.30.

CoreCivic (NYSE:CXW) last posted its 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. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. CoreCivic’s revenue was up 27.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, sell-side analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current year.

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 purchase up to 15.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of CoreCivic

Several hedge funds and other institutional investors have recently bought and sold shares of CXW. Persistent Asset Partners Ltd bought a new position in shares of CoreCivic during the 2nd quarter worth about $52,000. Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 702 shares during the period. Leonteq Securities AG bought a new stake in shares of CoreCivic in the fourth quarter valued at about $57,000. Kestra Advisory Services LLC acquired a new stake in CoreCivic during the fourth quarter worth about $71,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in CoreCivic during the second quarter worth about $120,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXW has been the topic of a number of recent analyst reports. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. UBS Group set a $35.00 price target on CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Benchmark upped their price target on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.

Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.