CoreCivic (NYSE:CXW) EVP Sells $27,234.00 in Stock
by Jessica Moore · The Cerbat GemCoreCivic, Inc. (NYSE:CXW – Get Free Report) EVP Anthony Grande sold 801 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $34.00, for a total transaction of $27,234.00. Following the completion of the transaction, the executive vice president owned 193,981 shares in the company, valued at $6,595,354. The trade was a 0.41% 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 Stock Performance
Shares of CXW stock traded up $1.11 during mid-day trading on Friday, reaching $32.71. 1,803,428 shares of the company’s stock traded hands, compared to its average volume of 1,197,325. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The firm has a 50 day moving average price of $30.12 and a two-hundred day moving average price of $23.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58.
CoreCivic announced that its board has initiated a stock buyback program 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 purchase up to 15.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday. Northland Securities set a $40.00 price target on CoreCivic in a research note on Friday, June 26th. Finally, JonesTrading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $37.00.
Check Out Our Latest Stock Report on CoreCivic
More CoreCivic News
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted its Q3 2026 EPS estimate 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. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
- Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
- Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
- Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
- Negative Sentiment: Multiple insiders sold shares: 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. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales
Institutional Trading of CoreCivic
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after acquiring an additional 138,846 shares in the last quarter. Lee Danner & Bass Inc. grew its holdings in shares of CoreCivic by 20.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust’s stock valued at $11,133,000 after purchasing an additional 97,413 shares in the last quarter. KCM Capital Inc purchased a new position in shares of CoreCivic in the first quarter valued at $10,400,000. Empowered Funds LLC bought a new stake in CoreCivic in the first quarter worth $4,785,000. Finally, Caxton Associates LLP bought a new stake in CoreCivic in the first quarter worth $310,000. 85.13% of the stock is currently 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.
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