Anthony Grande Sells 7,436 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 7,436 shares of CoreCivic stock in a transaction on Monday, August 24th. The shares were sold at an average price of $34.25, for a total value of $254,683.00. Following the completion of the transaction, the executive vice president owned 157,346 shares of the company’s stock, valued at approximately $5,389,100.50. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CoreCivic Trading Up 2.3%

CXW opened at $33.89 on Thursday. The business has a fifty day moving average price of $31.34 and a 200 day moving average price of $24.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business had revenue of $684.92 million during the quarter, compared to analysts’ expectations of $618.63 million. During the same quarter last year, the business posted $0.59 EPS. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Sell-side analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic declared that its Board of Directors has initiated a share repurchase program on Monday, August 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CXW. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CoreCivic in the second quarter valued at approximately $1,970,000. AXQ Capital LP purchased a new position in shares of CoreCivic during the second quarter worth approximately $933,000. Headlands Technologies LLC acquired a new position in shares of CoreCivic in the 2nd quarter valued at $472,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of CoreCivic by 2.4% in the 2nd 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 period. Finally, Capital Advisors Inc. OK purchased a new stake in CoreCivic in the 2nd quarter valued at $1,434,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CXW shares. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. JonesTrading reiterated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Benchmark increased their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Northland Securities set a $40.00 price target on CoreCivic in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic presently has an average rating of “Buy” and an average price target of $37.00.

Trending Headlines about CoreCivic

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.

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.