Key Points
- Director John Prann, Jr. sold 8,000 shares at an average $22.52 on May 19 for $180,160, reducing his stake by 7.38% to 100,396 shares (about $2.26M); the sale was disclosed in an SEC filing.
- CoreCivic's board authorized a $200 million buyback — up to 10.7% of shares — signaling management may view the stock as undervalued.
- Financial context: CXW trades near $20 with a $2.11B market cap and a P/E of 20.39; it reported $0.48 EPS on $580.4M revenue (beat) and set FY2025 guidance of $1.94–2.00, while analysts' consensus is a Moderate Buy with a $34 average target.
CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director John Prann, Jr. sold 8,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $22.52, for a total value of $180,160.00. Following the completion of the transaction, the director owned 100,396 shares in the company, valued at $2,260,917.92. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
CoreCivic Price Performance
CXW stock opened at $20.19 on Tuesday. CoreCivic, Inc. has a 52-week low of $15.95 and a 52-week high of $23.85. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 20.39 and a beta of 0.69. The business has a fifty day moving average of $18.39 and a two-hundred day moving average of $19.54.
CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $580.44 million during the quarter, compared to analysts' expectations of $544.38 million. CoreCivic had a return on equity of 7.38% and a net margin of 5.24%.The company's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. CoreCivic has set its FY 2025 guidance at 1.940-2.000 EPS. As a group, research analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current year.
CoreCivic declared that its Board of Directors has authorized a stock buyback program on Monday, November 10th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
CXW has been the topic of several recent analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of CoreCivic in a report on Wednesday, October 8th. Jones Trading reissued a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research report on Friday, November 7th. Finally, Wall Street Zen lowered CoreCivic from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $34.00.
Get Our Latest Stock Report on CXW
Institutional Investors Weigh In On CoreCivic
Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust's stock valued at $1,207,000 after buying an additional 19,630 shares during the period. AQR Capital Management LLC raised its stake in shares of CoreCivic by 69.8% in the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust's stock valued at $571,000 after acquiring an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CoreCivic by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust's stock valued at $1,315,000 after purchasing an additional 2,828 shares during the period. Jones Financial Companies Lllp grew its stake in CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CoreCivic by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust's stock worth $4,473,000 after purchasing an additional 4,977 shares during the period. 85.13% of the stock is owned by hedge funds and other institutional investors.
CoreCivic Company Profile
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Get Free Report)
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.
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