CoreCivic (NYSE:CXW) EVP Sells $3,994,800.00 in Stock

CoreCivic, Inc. (NYSE:CXW) EVP Lucibeth Mayberry sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $33.29, for a total value of $3,994,800.00. Following the sale, the executive vice president directly owned 149,329 shares of the company’s stock, valued at $4,971,162.41. This trade represents a 44.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CoreCivic Stock Up 3.5%

Shares of CoreCivic stock opened at $32.71 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58. The stock has a 50-day simple moving average of $30.30 and a 200-day simple moving average of $23.36. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-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.

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

Institutional Investors Weigh In On CoreCivic

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. increased its position 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 worth $28,000 after acquiring an additional 1,228 shares during the period. Persistent Asset Partners Ltd bought a new stake in CoreCivic in the 2nd quarter valued at $52,000. Leonteq Securities AG acquired a new stake in CoreCivic in the 4th quarter worth $57,000. Smartleaf Asset Management LLC grew its position 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 worth $59,000 after purchasing an additional 702 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings 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 purchasing an additional 2,546 shares during the period. 85.13% of the stock is owned by institutional investors.

Key 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

Wall Street Analysts Forecast Growth

CXW has been the subject of several analyst reports. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research note on Monday. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Benchmark boosted their price target on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, JonesTrading reiterated a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $37.00.

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.