John Prann, Jr. Sells 30,000 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 30,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $32.21, for a total value of $966,300.00. Following the completion of the sale, the director owned 70,396 shares of the company’s stock, valued at $2,267,455.16. The trade was a 29.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $32.71 on Friday. The stock has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The business has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $23.36. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86.

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

Analyst Ratings Changes

Several equities analysts have weighed in on CXW shares. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. JonesTrading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average target price of $37.00.

Institutional Trading of CoreCivic

A number of institutional investors have recently bought and sold shares of CXW. Royal Bank of Canada increased its position in CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 19,630 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CoreCivic by 69.8% during the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CoreCivic by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 18,411 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CoreCivic by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after buying an additional 4,977 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Trending Headlines about CoreCivic

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

About CoreCivic

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.