CoreCivic, Inc. (NYSE:CXW – Get Free Report) Director John Prann, Jr. sold 30,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $32.21, for a total transaction of $966,300.00. Following the completion of the sale, the director owned 70,396 shares in the company, valued at approximately $2,267,455.16. This trade represents a 29.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CoreCivic Trading Up 3.5%
Shares of NYSE:CXW traded up $1.11 during trading on Friday, reaching $32.71. The company’s stock had a trading volume of 1,803,428 shares, 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. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. 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’s 50 day simple moving average is $30.12 and its two-hundred day simple moving average is $23.30.
CoreCivic announced that its board has initiated a stock repurchase plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
Institutional Investors Weigh In On CoreCivic
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CXW. Benchmark increased their price target on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. JonesTrading reaffirmed a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Wednesday, August 5th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research report on Monday. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.00.
View Our Latest Report on CoreCivic
Trending Headlines about 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
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.
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