Anthony Grande Sells 12,564 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) EVP Anthony Grande sold 12,564 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $33.85, for a total value of $425,291.40. Following the transaction, the executive vice president directly owned 144,782 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink.

CoreCivic Trading Down 0.5%

Shares of NYSE:CXW opened at $33.82 on Friday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 27.06 and a beta of 0.58. 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 stock’s 50-day simple moving average is $31.44 and its two-hundred day simple moving average is $24.33. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $34.86.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share 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 business 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 company’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. Analysts expect that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic announced that its board has approved a share repurchase program 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 programs are often an indication that the company’s management believes its shares are undervalued.

Key CoreCivic News

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: $500 million buyback: CoreCivic’s board authorized a repurchase program covering up to 15.7% of outstanding shares. The plan could reduce the share count, support future EPS and signals that management believes the stock is undervalued.
• Positive Sentiment: Institutional and analyst support: BlackRock established a position worth approximately $480.6 million, while other funds also increased their holdings. Analysts maintain a consensus “Buy” rating with an average price target of $37, above recent trading levels.
• Positive Sentiment: Strong recent operating results: CoreCivic’s latest quarterly EPS of $0.38 exceeded the $0.34 consensus, while revenue of $684.9 million surpassed the $618.6 million estimate and increased 27.3% year over year. Fiscal 2026 EPS guidance remains $2.61–$2.70. CoreCivic earnings and stock information
• Neutral Sentiment: Shares near a high: CXW remains well above its 50-day and 200-day moving averages and close to its 52-week high. The momentum is favorable, but the elevated valuation could increase sensitivity to profit-taking or weaker news.
• Negative Sentiment: Multiple insider sales: EVP Anthony Grande sold 12,564 shares on August 26 for roughly $425,000, following a sale of 7,436 shares on August 24. Director John R. Prann Jr. sold 3,098 shares for about $105,000, reducing his holdings by 38.3%, while Director Mark A. Emkes sold 30,000 shares for approximately $1.03 million. Although the executives retain sizable positions, the cluster of sales may raise concerns about insider conviction. CoreCivic insider sales report

Institutional Investors Weigh In On CoreCivic

Several large investors have recently bought and sold shares of the business. NBC Securities Inc. raised its stake in 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 purchased a new position in shares of CoreCivic in the 2nd quarter worth $52,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 worth $59,000 after buying an additional 702 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of CoreCivic during the 4th quarter valued at about $57,000. Finally, Fifth Third Bancorp raised 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 valued at $64,000 after buying an additional 2,546 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. Wall Street Zen raised 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 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, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently 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.