Insider Selling: CoreCivic (NYSE:CXW) EVP Sells $425,291.40 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 12,564 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total transaction of $425,291.40. Following the transaction, the executive vice president owned 144,782 shares in the company, valued at approximately $4,900,870.70. The trade was a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $33.82 on Friday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 27.06 and a beta of 0.58. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week 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. The firm’s 50 day simple moving average is $31.54 and its 200 day simple moving average is $24.39.

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, topping the consensus estimate of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The company had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, sell-side analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic declared that its Board of Directors has approved a share repurchase plan on Monday, August 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 15.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of CoreCivic

Institutional investors have recently made changes to their positions in the company. NBC Securities Inc. lifted its position in shares of CoreCivic by 533.9% during 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 in the last quarter. Persistent Asset Partners Ltd bought a new stake in CoreCivic in the 2nd quarter worth about $52,000. Leonteq Securities AG purchased a new stake in CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC increased its stake in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,546 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Benchmark upped their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.