John Prann, Jr. Sells 40,000 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 40,000 shares of CoreCivic stock in a transaction on Monday, August 17th. The shares were sold at an average price of $33.54, for a total transaction of $1,341,600.00. Following the completion of the transaction, the director owned 30,396 shares in the company, valued at approximately $1,019,481.84. This represents a 56.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CoreCivic Price Performance

Shares of CXW opened at $31.91 on Thursday. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $34.86. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 25.53 and a beta of 0.58. The firm has a 50-day simple moving average of $30.73 and a 200-day simple moving average of $23.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm 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 business’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities research analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on CXW shares. JonesTrading restated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average price target of $37.00.

Institutional Trading of CoreCivic

Several hedge funds have recently modified their holdings of CXW. NBC Securities Inc. boosted 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 valued at $28,000 after buying an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in CoreCivic in the second quarter worth $52,000. Smartleaf Asset Management LLC raised its position in CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares in the last quarter. Leonteq Securities AG acquired a new stake in CoreCivic in the fourth quarter valued at $57,000. Finally, Fifth Third Bancorp lifted its holdings in CoreCivic by 320.7% in 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 during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Company Profile

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.