Insider Selling: CoreCivic (NYSE:CXW) EVP Sells $981,378.39 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 29,199 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $33.61, for a total transaction of $981,378.39. Following the completion of the transaction, the executive vice president owned 164,782 shares of the company’s stock, valued at $5,538,323.02. This represents a 15.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreCivic Price Performance

CoreCivic stock traded up $0.62 during mid-day trading on Monday, reaching $33.44. The company had a trading volume of 1,773,464 shares, compared to its average volume of 1,201,018. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $3.31 billion, a P/E ratio of 26.75 and a beta of 0.58. The stock’s 50-day simple moving average is $30.30 and its 200-day simple moving average is $23.39.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities analysts predict that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic announced that its board has approved a share buyback program 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 purchase up to 15.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CXW shares. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Benchmark boosted their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. JonesTrading restated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $37.00.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in CoreCivic by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after acquiring an additional 138,846 shares during the last quarter. Lee Danner & Bass Inc. boosted its holdings in shares of CoreCivic by 20.1% during 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 purchasing an additional 97,413 shares during the last quarter. KCM Capital Inc purchased a new stake in shares of CoreCivic in the first quarter valued at $10,400,000. Empowered Funds LLC purchased a new stake in shares of CoreCivic in the first quarter valued at $4,785,000. Finally, Caxton Associates LLP acquired a new position in CoreCivic in the first quarter valued at $310,000. 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.