CoreCivic (NYSE:CXW) CFO David Garfinkle Sells 3,170 Shares

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 3,170 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $34.27, for a total transaction of $108,635.90. Following the completion of the sale, the chief financial officer owned 394,444 shares of the company’s stock, valued at $13,517,595.88. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The stock was sold at an average price of $34.03, for a total value of $16,708.73.

CoreCivic Price Performance

Shares of CXW traded down $1.95 during mid-day trading on Thursday, hitting $31.66. The company’s stock had a trading volume of 1,823,009 shares, compared to its average volume of 1,193,389. The firm has a 50-day simple moving average of $29.94 and a 200 day simple moving average of $23.21. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The firm has a market capitalization of $3.13 billion, a P/E ratio of 25.32 and a beta of 0.58. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86.

CoreCivic declared that its Board of Directors has initiated a share buyback 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 repurchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Key Headlines Impacting CoreCivic

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CXW. NBC Securities Inc. lifted its stake in shares of CoreCivic by 533.9% in the fourth 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 in the last quarter. Persistent Asset Partners Ltd acquired a new position in CoreCivic in the second quarter worth about $52,000. Leonteq Securities AG acquired a new stake in CoreCivic during the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC lifted its holdings in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares in the last quarter. 85.13% of the stock is currently owned by hedge funds and other 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.