Harley Lappin Sells 3,000 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director Harley Lappin sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $32.69, for a total value of $98,070.00. Following the transaction, the director directly owned 50,328 shares in the company, valued at approximately $1,645,222.32. This represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CoreCivic Stock Up 3.5%

Shares of CXW opened at $32.71 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The business has a fifty day moving average of $30.30 and a 200 day moving average of $23.36. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. 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 declared that its board has authorized a share buyback plan on Monday, August 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 15.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

CoreCivic News Roundup

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CXW shares. JonesTrading reaffirmed a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Benchmark boosted their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research note on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $37.00.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently bought and sold shares of CXW. Vanguard Group Inc. increased its stake in shares of CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after buying an additional 138,846 shares during the period. Lee Danner & Bass Inc. lifted its stake in CoreCivic by 20.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust’s stock worth $11,133,000 after acquiring an additional 97,413 shares during the period. KCM Capital Inc purchased a new stake in CoreCivic in the first quarter worth about $10,400,000. Empowered Funds LLC bought a new position in CoreCivic during the 1st quarter worth about $4,785,000. Finally, Caxton Associates LLP bought a new position in CoreCivic during the 1st quarter worth about $310,000. 85.13% of the stock is owned by institutional investors.

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.