CoreCivic (NYSE:CXW) Director Sells $1,027,500.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Mark Emkes sold 30,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $34.25, for a total value of $1,027,500.00. Following the transaction, the director owned 141,274 shares in the company, valued at approximately $4,838,634.50. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CoreCivic Stock Up 2.3%

NYSE:CXW traded up $0.75 during mid-day trading on Wednesday, hitting $33.89. 1,917,951 shares of the company’s stock traded hands, compared to its average volume of 1,214,756. The company has a fifty day moving average of $31.23 and a 200 day moving average of $24.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $34.86. The company has a market capitalization of $3.35 billion, a P/E ratio of 27.11 and a beta of 0.58.

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 return on equity of 9.22% and a net margin of 5.15%.The business had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’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 forecast that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic declared that its Board of Directors has approved a stock buyback plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of CoreCivic

Several large investors have recently made changes to their positions in CXW. PNC Financial Services Group Inc. raised its stake in shares of CoreCivic by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 510 shares during the period. State of Wyoming lifted its holdings in shares of CoreCivic by 3.1% in the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 659 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of CoreCivic by 33.0% during 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 period. Bessemer Group Inc. increased its holdings in CoreCivic by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after purchasing an additional 742 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in CoreCivic by 10.4% in the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,002 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CXW shares. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Benchmark boosted their price target on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Noble Financial reissued an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, CoreCivic presently has a consensus rating of “Buy” and an average target price 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.