CoreCivic (NYSE:CXW) Director John Prann, Jr. Sells 40,000 Shares

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 40,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $33.54, for a total value of $1,341,600.00. Following the transaction, the director directly owned 30,396 shares in the company, valued at approximately $1,019,481.84. This represents a 56.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CoreCivic Price Performance

Shares of NYSE CXW opened at $32.35 on Wednesday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $34.86. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 25.88 and a beta of 0.58. The business has a 50 day simple moving average of $30.62 and a 200-day simple moving average of $23.60.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The business’s revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, equities research analysts expect that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its Board of Directors has authorized a share buyback program 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 repurchase up to 15.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Recent coverage points to new contracts for CoreCivic, which could improve facility utilization, revenue visibility and long-term cash flow. What Do New Contracts Mean for CoreCivic?
• Positive Sentiment: The board recently authorized a $500 million stock-repurchase program, allowing CoreCivic to buy back as much as 15.7% of its outstanding shares. Buybacks can support earnings per share and signal management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains constructive: CoreCivic has a consensus “Buy” rating and an average price target of $37, while Benchmark recently raised its target to $45.
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with EPS of $0.38 versus a $0.34 consensus estimate and revenue of $684.9 million versus expectations of $618.6 million. Revenue increased 27.3% year over year, and fiscal 2026 EPS guidance remains $2.61–$2.70.
• Neutral Sentiment: Institutional ownership is high at approximately 85%, with several investment firms increasing their positions during the first quarter. This indicates continued institutional interest but does not eliminate near-term volatility.
• Negative Sentiment: Multiple insiders sold shares on August 17: CFO David Garfinkle sold 50,000 shares for approximately $1.69 million, Director John R. Prann Jr. sold 40,000 shares for about $1.34 million, and EVP Anthony Grande sold 29,199 shares for roughly $981,000. The transactions materially reduced their individual holdings and may be interpreted as a near-term confidence signal, particularly with CXW trading near its 52-week high. SEC insider transaction filing

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CoreCivic

Several hedge funds and other institutional investors have recently modified their holdings of CXW. BlackRock Inc. acquired a new position in CoreCivic during the 2nd quarter valued at about $480,557,000. Lee Danner & Bass Inc. increased its stake in shares of CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares during the period. Rubric Capital Management LP increased its stake in shares of CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after buying an additional 987,375 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new position in shares of CoreCivic during the second quarter worth approximately $27,310,000. Institutional investors and hedge funds 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.