CoreCivic (NYSE:CXW) Director John Prann, Jr. Sells 3,098 Shares

CoreCivic, Inc. (NYSE:CXW) Director John Prann, Jr. sold 3,098 shares of CoreCivic stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total value of $105,332.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $170,000. This represents a 38.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CoreCivic Trading Up 2.3%

Shares of CXW stock opened at $33.89 on Thursday. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 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. The stock’s 50 day simple moving average is $31.34 and its two-hundred day simple moving average is $24.22. The company has a market cap of $3.35 billion, a PE ratio of 27.11 and a beta of 0.58.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data 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 during 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 company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Research analysts predict that CoreCivic, Inc. will post 2.69 earnings per share for the current year.

CoreCivic announced that its Board of Directors has initiated a share repurchase program 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On CoreCivic

Institutional investors have recently modified their holdings of the stock. NBC Securities Inc. boosted its holdings in shares of CoreCivic by 533.9% in 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 during the period. Persistent Asset Partners Ltd purchased a new position in CoreCivic during the 2nd quarter worth $52,000. Smartleaf Asset Management LLC increased its holdings in 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. Leonteq Securities AG bought a new stake in CoreCivic during the 4th quarter valued at $57,000. Finally, Fifth Third Bancorp raised its position in 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 purchasing an additional 2,546 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CXW shares. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research note on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Benchmark raised their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic currently has an average rating of “Buy” and a consensus price target of $37.00.

CoreCivic News Summary

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Share repurchase plan: CoreCivic’s board authorized a $500 million stock buyback, potentially covering up to 15.7% of outstanding shares. The program could support earnings per share and signals that management views the stock as undervalued.
• Positive Sentiment: Recent earnings beat: CoreCivic reported quarterly EPS of $0.38, above the $0.34 consensus, while revenue reached $684.9 million versus expectations of $618.6 million. Revenue increased 27.3% year over year. Fiscal 2026 EPS guidance remains $2.61 to $2.70. CoreCivic stock and earnings information
• Positive Sentiment: Analyst and institutional support: Analysts maintain a consensus “Buy” rating with an average price target of $37, while major investors—including BlackRock—have recently established or expanded positions. Institutional investors own approximately 85.1% of the shares.
• Neutral Sentiment: Strong momentum, elevated valuation: CXW is trading near its 52-week high and above its 50-day and 200-day moving averages. This reflects strong momentum but may leave the stock more sensitive to disappointing news or profit-taking.
• Negative Sentiment: Cluster of insider sales: EVP Anthony Grande sold 12,564 shares for approximately $425,000 on August 26, following a 7,436-share sale on August 24. Directors John R. Prann Jr. and Mark A. Emkes also sold shares, reducing their holdings by approximately 38.3% and 17.5%, respectively. The transactions may raise concerns about insider conviction, although executives continue to retain sizable positions. CoreCivic insider selling report
• Negative Sentiment: Short interest surged: Short interest rose 331.5% to 15.4 million shares as of August 14, representing 15.9% of shares and 8.6 days of average trading volume. The increase indicates substantially greater bearish positioning and could heighten volatility.

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.