John Prann, Jr. Sells 22,298 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 22,298 shares of CoreCivic stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $34.00, for a total transaction of $758,132.00. Following the sale, the director owned 8,098 shares of the company’s stock, valued at approximately $275,332. The trade was a 73.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CoreCivic Price Performance

CXW stock opened at $34.00 on Friday. The firm has a 50 day simple moving average of $31.00 and a two-hundred day simple moving average of $23.86. The stock has a market cap of $3.36 billion, a PE ratio of 27.20 and a beta of 0.58. CoreCivic, Inc. has a one year low of $15.73 and a one year 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.

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, beating 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 firm had revenue of $684.92 million for the quarter, compared to analysts’ expectations of $618.63 million. During the same quarter last year, the company posted $0.59 EPS. The business’s quarterly revenue 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 predict that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.

CoreCivic announced that its board has authorized a share buyback plan on Monday, August 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CXW. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Northland Securities set a $40.00 price objective on CoreCivic in a report on Friday, June 26th. UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Finally, Benchmark increased their price target on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $37.00.

Institutional Trading of CoreCivic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXW. BlackRock Inc. bought a new stake in CoreCivic in the second quarter valued at $480,557,000. Vanguard Group Inc. raised its holdings in CoreCivic by 1.1% in 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 purchasing an additional 138,846 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of CoreCivic by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after purchasing an additional 287,108 shares during the period. Lee Danner & Bass Inc. lifted its position in shares of CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after purchasing an additional 1,590,940 shares during the period. Finally, Rubric Capital Management LP boosted its stake in shares of CoreCivic by 5.0% during the 1st quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock valued at $38,940,000 after purchasing an additional 97,770 shares in the last quarter. Hedge funds and other institutional investors 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.