Lucibeth Mayberry Sells 120,000 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Lucibeth Mayberry sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total value of $3,994,800.00. Following the transaction, the executive vice president owned 149,329 shares in the company, valued at approximately $4,971,162.41. This trade represents a 44.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreCivic Stock Performance

CXW opened at $31.66 on Friday. The company has a market cap of $3.13 billion, a PE ratio of 25.32 and a beta of 0.58. The stock has a 50-day moving average of $30.12 and a 200-day moving average of $23.30. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86. 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 announced that its board has authorized a stock buyback 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 purchase up to 15.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Key CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Analyst raises earnings outlook: Noble Financial lifted its Q3 2026 EPS forecast 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, suggesting improved confidence in CoreCivic’s profitability. Q3 Earnings Estimate for CoreCivic Issued By Noble Financial
• Positive Sentiment: $500 million share repurchase: CoreCivic’s board approved a buyback program that could repurchase up to approximately 15.7% of outstanding shares. The authorization may support earnings per share and signals that management believes the stock is undervalued. CoreCivic Board Announces Share Repurchase Program
• Neutral Sentiment: Valuation and expectations: Analysts generally remain positive, with a reported average price target of $37. However, the stock is trading near its 52-week high, increasing the risk that favorable forecasts are already reflected in the valuation.
• Negative Sentiment: Multiple insider sales: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000 over two days. The sales may undermine investor sentiment, although they do not necessarily indicate weakening business fundamentals. CoreCivic insider stock sales

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CXW. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday. JonesTrading reiterated a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday. UBS Group set a $35.00 target price on shares of CoreCivic in a research report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 price target on shares of CoreCivic in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.00.

Hedge Funds Weigh In On CoreCivic

A number of hedge funds have recently made changes to their positions in CXW. PNC Financial Services Group Inc. boosted its position in shares of CoreCivic by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 510 shares in the last quarter. State of Wyoming raised its position in CoreCivic by 3.1% in the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 659 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 during the period. Bessemer Group Inc. lifted its stake in CoreCivic by 0.4% during the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock worth $3,148,000 after purchasing an additional 742 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in CoreCivic by 10.4% during the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

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.