CoreCivic (NYSE:CXW) EVP Anthony Grande Sells 12,564 Shares

CoreCivic, Inc. (NYSE:CXWGet Free Report) EVP Anthony Grande sold 12,564 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total transaction of $425,291.40. Following the transaction, the executive vice president owned 144,782 shares of the company’s stock, valued at approximately $4,900,870.70. This represents a 7.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CoreCivic Price Performance

Shares of CXW stock opened at $33.89 on Thursday. 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, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86. The firm has a fifty day moving average of $31.34 and a 200-day moving average of $24.22. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXWGet Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The firm had revenue of $684.92 million for the quarter, compared to the consensus estimate of $618.63 million. During the same period last year, the company posted $0.59 EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities research analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its Board of Directors has approved a share repurchase plan on Monday, August 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

More CoreCivic News

Here are the key news stories impacting CoreCivic this week:

  • Positive Sentiment: CoreCivic’s board authorized a $500 million share-repurchase program, potentially allowing the company to buy back up to 15.7% of outstanding shares. Buybacks can support per-share earnings and signal that management believes the stock is undervalued.
  • Positive Sentiment: The company’s latest quarterly results exceeded expectations: EPS was $0.38 versus the $0.34 consensus, while revenue of $684.9 million topped estimates of $618.6 million and increased 27.3% year over year. Full-year 2026 EPS guidance remains $2.61–$2.70.
  • Positive Sentiment: Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $37. Several firms have maintained or issued Buy/Outperform ratings.
  • Positive Sentiment: Institutional ownership is high at approximately 85%, and BlackRock recently established a sizable position. Continued institutional demand may provide support for CoreCivic (CXW).
  • Neutral Sentiment: CXW is trading close to its 52-week high and above both its 50-day and 200-day moving averages, indicating strong momentum but also leaving less room for error if sentiment weakens.
  • Negative Sentiment: Multiple insiders sold shares recently. EVP Anthony Grande sold 12,564 shares on August 26 after selling another 7,436 shares on August 24; Director John R. Prann Jr. sold 3,098 shares, and Director Mark A. Emkes sold 30,000 shares. The sales reduced their respective holdings by roughly 8.0%, 4.5%, 38.3% and 17.5%. SEC insider transaction filing
  • Negative Sentiment: Short interest surged 331.5% to 15.4 million shares, equal to 15.9% of the float and about 8.6 days of average trading volume. The increase signals substantially greater bearish positioning and could amplify volatility.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CoreCivic in the second quarter valued at $1,970,000. AXQ Capital LP bought a new stake in shares of CoreCivic in the 2nd quarter valued at about $933,000. Headlands Technologies LLC acquired a new position in shares of CoreCivic in the second quarter worth approximately $472,000. Susquehanna Fundamental Investments LLC boosted its holdings in CoreCivic by 2.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 208,562 shares of the real estate investment trust’s stock valued at $6,336,000 after acquiring an additional 4,814 shares during the last quarter. Finally, Capital Advisors Inc. OK bought a new position in CoreCivic during the 2nd quarter worth approximately $1,434,000. 85.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CXW has been the topic of a number of recent research reports. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. JonesTrading reissued a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. UBS Group set a $35.00 target price on shares of CoreCivic in a research report on Tuesday, July 7th. Benchmark upped their target price on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, CoreCivic has an average rating of “Buy” and a consensus target price of $37.00.

View Our Latest Stock Analysis on CXW

About CoreCivic

(Get Free Report)

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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Insider Buying and Selling by Quarter for CoreCivic (NYSE:CXW)

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