CoreCivic (NYSE:CXW) CFO David Garfinkle Sells 491 Shares

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 491 shares of CoreCivic stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.03, for a total transaction of $16,708.73. Following the transaction, the chief financial officer owned 393,353 shares in the company, valued at approximately $13,385,802.59. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Garfinkle also recently made the following trade(s):

• On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The stock was sold at an average price of $34.27, for a total value of $108,635.90.

CoreCivic Price Performance

NYSE:CXW traded down $1.95 on Thursday, reaching $31.66. 1,823,009 shares of the company’s stock traded hands, compared to its average volume of 1,193,389. The stock has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $23.21. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The firm has a market cap of $3.13 billion, a PE ratio of 25.32 and a beta of 0.58. 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 has initiated a stock repurchase program on Monday, August 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CXW. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday. Northland Securities set a $40.00 target price on shares of CoreCivic in a report on Friday, June 26th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. JonesTrading reaffirmed a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic currently has a consensus rating of “Buy” and an average target price of $37.00.

CoreCivic News Roundup

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Raised earnings forecasts: Noble Financial increased 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. The firm maintained an “Outperform” rating, signaling stronger confidence in CoreCivic’s earnings outlook. Q3 Earnings Estimate for CoreCivic Issued by Noble Financial
• Positive Sentiment: $500 million buyback: CoreCivic’s board authorized repurchases of up to $500 million, potentially covering approximately 15.7% of outstanding shares. The program could support per-share earnings and stock demand, while indicating that management views the shares as undervalued. CoreCivic Board Announces Share Repurchase Program
• Neutral Sentiment: Favorable ratings but elevated expectations: CoreCivic retains an overall “Buy” consensus, with a reported average price target of $37 and recent targets as high as $45. However, the stock is already well above its 50-day and 200-day moving averages, which may make investors more sensitive to disappointing news.
• Negative Sentiment: Heavy insider selling: Executive Vice President Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares valued at about $274,000. The transactions do not necessarily indicate deteriorating fundamentals, but their size and timing can pressure sentiment after the stock’s strong advance. CoreCivic Insider Buying and Selling

Hedge Funds Weigh In On CoreCivic

Several institutional investors have recently added to or reduced their stakes in CXW. NBC Securities Inc. increased its stake in CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,228 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of CoreCivic in the second quarter valued at $52,000. Leonteq Securities AG purchased a new position in shares of CoreCivic in the fourth quarter valued at $57,000. Smartleaf Asset Management LLC increased its position in 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 worth $59,000 after purchasing an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in CoreCivic by 320.7% in the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares during 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.