Key Points
- EVP Lucibeth Mayberry sold 120,000 CoreCivic shares at an average price of $33.29, generating approximately $4.0 million and reducing her stake by 44.56% to 149,329 shares.
- CoreCivic authorized a $500 million share-repurchase program, allowing it to buy back up to 15.7% of outstanding shares—an indication management may view the stock as undervalued.
- CoreCivic shares opened at $33.52, near their 12-month high of $34.86, while analysts maintained a generally positive outlook with a consensus “Buy” rating and a $37 target price.
CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director Devin Ignatius Murphy sold 8,098 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $33.79, for a total transaction of $273,631.42. Following the completion of the sale, the director directly owned 63,826 shares of the company's stock, valued at approximately $2,156,680.54. This trade represents a 11.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
CoreCivic Stock Performance
NYSE CXW opened at $33.52 on Thursday. The company's fifty day moving average is $29.94 and its two-hundred day moving average is $23.21. 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. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 26.82 and a beta of 0.58.
CoreCivic announced that its board has authorized 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 reacquire up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Institutional Trading of CoreCivic
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its position in CoreCivic by 533.9% in the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,228 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in CoreCivic during the second quarter valued at approximately $52,000. Leonteq Securities AG acquired a new stake in CoreCivic during the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC grew its stake in shares of 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 valued at $59,000 after purchasing an additional 702 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of CoreCivic by 320.7% in 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 during the period. Institutional investors own 85.13% of the company's stock.
Key CoreCivic News
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: Higher earnings forecasts: Noble Financial raised its estimates for Q3 2026 EPS to $0.64 from $0.62, FY2026 EPS to $2.70 from $2.61, Q4 2026 EPS to $0.78 from $0.71, and FY2027 EPS to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling increased confidence in CoreCivic’s profitability.
- Positive Sentiment: $500 million buyback approved: CoreCivic’s board authorized repurchases of up to $500 million, potentially covering approximately 15.7% of outstanding shares. Buybacks can support earnings per share, provide demand for the stock and indicate that management believes the shares are undervalued. CoreCivic Board Announces Share Repurchase Program
- Neutral Sentiment: Mixed earnings outlook remains a consideration: Although Noble raised its latest quarterly and annual forecasts, the revisions followed earlier cuts to Q3 and FY2026 estimates. Investors may look for confirmation of the improved outlook in upcoming results and management commentary.
- Neutral Sentiment: Analyst consensus is favorable: CoreCivic has a reported consensus “Buy” rating and an average target price of $37, implying additional upside from the stock’s recent trading level. However, the shares’ advance toward the 52-week high may limit near-term gains if expectations are already reflected in the valuation.
- Negative Sentiment: Significant insider selling: EVP Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her position by 44.56%. Director Devin Ignatius Murphy separately sold 8,098 shares worth about $274,000. The transactions may weigh on sentiment, although insider sales do not necessarily signal deteriorating fundamentals. CoreCivic insider stock sales
- Negative Sentiment: Short interest climbed: Short interest increased 65.8% to roughly 3.57 million shares as of July 31, equal to about 3.7% of shares outstanding. This reflects greater bearish positioning and could increase volatility.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Weiss Ratings upgraded CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 1st. JonesTrading reiterated a "buy" rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Noble Financial reissued an "outperform" rating on shares of CoreCivic in a report on Monday. Benchmark boosted their price objective on CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $37.00.
Read Our Latest Stock Report on CXW
CoreCivic Company Profile
(
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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