CoreCivic (NYSE:CXW) EVP Anthony Grande Sells 7,436 Shares

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 7,436 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $34.25, for a total value of $254,683.00. Following the transaction, the executive vice president directly owned 157,346 shares in the company, valued at approximately $5,389,100.50. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CoreCivic Stock Performance

CXW stock traded down $0.73 during trading on Tuesday, hitting $33.11. The company had a trading volume of 986,780 shares, compared to its average volume of 1,210,414. The firm has a 50-day moving average price of $31.12 and a 200-day moving average price of $24.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The firm has a market cap of $3.27 billion, a PE ratio of 26.48 and a beta of 0.58. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The company had revenue of $684.92 million during the quarter, compared to analysts’ expectations of $618.63 million. During the same period last year, the firm earned $0.59 EPS. The firm’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, analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its board has approved a stock buyback program on Monday, August 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On CoreCivic

Large investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted 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 purchasing an additional 1,228 shares during the period. Persistent Asset Partners Ltd purchased a new position in CoreCivic in the second quarter valued at about $52,000. Leonteq Securities AG acquired a new stake in shares of CoreCivic during the 4th quarter valued at approximately $57,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on CXW shares. 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 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Noble Financial reiterated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Finally, Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic presently has a consensus rating of “Buy” and an average target price of $37.00.

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.