CoreCivic (NYSE:CXW) Director Sells $241,400.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Thurgood Marshall, Jr. sold 7,100 shares of CoreCivic stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.00, for a total transaction of $241,400.00. Following the completion of the transaction, the director owned 45,274 shares in the company, valued at approximately $1,539,316. The trade was a 13.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CoreCivic Stock Performance

CoreCivic stock opened at $32.71 on Monday. The firm has a fifty day simple moving average of $30.30 and a two-hundred day simple moving average of $23.39. 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 twelve month low of $15.73 and a twelve month high of $34.86. The company has a market capitalization of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58.

CoreCivic announced that its board has authorized a share repurchase plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 15.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. JonesTrading restated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Finally, Benchmark upped their price target on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic has an average rating of “Buy” and an average target price of $37.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CXW. NBC Securities Inc. raised its position in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of CoreCivic in the 2nd quarter worth approximately $52,000. Leonteq Securities AG purchased a new position in shares of CoreCivic during the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC increased its stake in shares of CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 702 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,546 shares in 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.