Insider Selling: CoreCivic (NYSE:CXW) Director Sells $758,132.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 22,298 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $34.00, for a total value of $758,132.00. Following the completion of the sale, the director directly owned 8,098 shares of the company’s stock, valued at approximately $275,332. This trade represents a 73.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CoreCivic Stock Performance

Shares of CXW stock opened at $34.00 on Monday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 27.20 and a beta of 0.58. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $23.90.

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, topping 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 firm had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. During the same period in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, sell-side analysts predict that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

CoreCivic announced that its board has initiated a share repurchase program 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 programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CoreCivic

A number of large investors have recently added to or reduced their stakes in CXW. NBC Securities Inc. raised its position 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 purchasing an additional 1,228 shares during the period. Persistent Asset Partners Ltd acquired a new position in CoreCivic in the 2nd quarter valued at $52,000. Leonteq Securities AG bought a new position in CoreCivic in the 4th quarter worth $57,000. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 during the period. 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.