CoreCivic, Inc. (NYSE:CXW – Get Free Report) Director Thurgood Marshall, Jr. sold 7,100 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $34.00, for a total transaction of $241,400.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
CoreCivic Trading Up 3.5%
NYSE CXW opened at $32.71 on Friday. The stock 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 52-week low of $15.73 and a 52-week high of $34.86. The firm has a 50-day moving average price of $30.30 and a 200 day moving average price of $23.36. 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 announced that its Board of Directors has authorized a share buyback plan on Monday, August 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Analyst Ratings Changes
Read Our Latest Stock Report on CoreCivic
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
Institutional Trading of CoreCivic
A number of institutional investors have recently added to or reduced their stakes in CXW. NBC Securities Inc. grew its position 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 buying an additional 1,228 shares during the period. Persistent Asset Partners Ltd acquired a new stake in shares of CoreCivic during the 2nd quarter valued at approximately $52,000. Smartleaf Asset Management LLC lifted 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 valued at $59,000 after acquiring an additional 702 shares during the period. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the 4th quarter worth approximately $57,000. Finally, Fifth Third Bancorp boosted 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 acquiring an additional 2,546 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.
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.
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