CoreCivic (NYSE:CXW) Director Sells $1,027,500.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Mark Emkes sold 30,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,027,500.00. Following the completion of the transaction, the director owned 141,274 shares in the company, valued at $4,838,634.50. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CoreCivic Trading Up 0.1%

Shares of CoreCivic stock opened at $33.82 on Friday. The company’s fifty day simple moving average is $31.54 and its 200-day simple moving average is $24.39. The stock has a market capitalization of $3.34 billion, a PE ratio of 27.06 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 debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, equities analysts anticipate that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

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

Analyst Ratings Changes

A number of analysts have commented on CXW shares. Northland Securities set a $40.00 price target on CoreCivic in a research report on Friday, June 26th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. Benchmark increased their target price on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic presently has an average rating of “Buy” and an average price target of $37.00.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors and hedge funds have recently bought and sold shares of CXW. NBC Securities Inc. lifted 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 acquiring an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of CoreCivic during the second quarter worth about $52,000. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the fourth quarter worth about $57,000. Smartleaf Asset Management LLC grew its position 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 worth $59,000 after purchasing an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares during the period. 85.13% of the stock is owned by institutional investors.

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.