CoreCivic, Inc. (NYSE:CXW – Get Free Report) Director Mark Emkes sold 30,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,027,500.00. Following the transaction, the director directly owned 141,274 shares in the company, valued at $4,838,634.50. The trade was a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
CoreCivic Trading Down 0.5%
NYSE CXW opened at $33.82 on Friday. The firm’s fifty day moving average is $31.44 and its two-hundred day moving average is $24.33. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86. 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 firm has a market cap of $3.34 billion, a PE ratio of 27.06 and a beta of 0.58.
CoreCivic (NYSE:CXW – Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.
Wall Street Analyst Weigh In
CXW has been the subject of several analyst reports. JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.00.
Get Our Latest Analysis on CoreCivic
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in CoreCivic in the second quarter valued at $480,557,000. Lee Danner & Bass Inc. increased its holdings in shares of CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares in the last quarter. Rubric Capital Management LP lifted its stake in shares of CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after purchasing an additional 987,375 shares during the period. Finally, Park West Asset Management LLC purchased a new stake in CoreCivic during the second quarter worth about $27,310,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.
Key Headlines Impacting CoreCivic
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: $500 million buyback: CoreCivic’s board authorized a repurchase program covering up to 15.7% of outstanding shares. The plan could reduce the share count, support future EPS and signals that management believes the stock is undervalued.
- Positive Sentiment: Institutional and analyst support: BlackRock established a position worth approximately $480.6 million, while other funds also increased their holdings. Analysts maintain a consensus “Buy” rating with an average price target of $37, above recent trading levels.
- Positive Sentiment: Strong recent operating results: CoreCivic’s latest quarterly EPS of $0.38 exceeded the $0.34 consensus, while revenue of $684.9 million surpassed the $618.6 million estimate and increased 27.3% year over year. Fiscal 2026 EPS guidance remains $2.61–$2.70. CoreCivic earnings and stock information
- Neutral Sentiment: Shares near a high: CXW remains well above its 50-day and 200-day moving averages and close to its 52-week high. The momentum is favorable, but the elevated valuation could increase sensitivity to profit-taking or weaker news.
- Negative Sentiment: Multiple insider sales: EVP Anthony Grande sold 12,564 shares on August 26 for roughly $425,000, following a sale of 7,436 shares on August 24. Director John R. Prann Jr. sold 3,098 shares for about $105,000, reducing his holdings by 38.3%, while Director Mark A. Emkes sold 30,000 shares for approximately $1.03 million. Although the executives retain sizable positions, the cluster of sales may raise concerns about insider conviction. CoreCivic insider sales report
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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