Key Points
- CFO David Garfinkle sold 3,661 CoreCivic shares across August 12–13 for approximately $125,000, leaving him with 394,444 shares. The sales reduced his ownership by a relatively small amount.
- CoreCivic authorized a $500 million share buyback, allowing the repurchase of up to about 15.7% of outstanding shares. Management said the program could support per-share earnings and reflects confidence that the stock is undervalued.
- Analyst sentiment remains positive: CoreCivic has a consensus “Buy” rating and an average price target of $37, while Noble Financial raised its earnings estimates and maintained an “Outperform” rating.
CoreCivic, Inc. (NYSE:CXW - Get Free Report) CFO David Garfinkle sold 491 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.03, for a total transaction of $16,708.73. Following the completion of the sale, the chief financial officer directly owned 393,353 shares in the company, valued at $13,385,802.59. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Garfinkle also recently made the following trade(s):
- On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The stock was sold at an average price of $34.27, for a total transaction of $108,635.90.
CoreCivic Trading Down 5.8%
NYSE CXW opened at $31.66 on Friday. The company has a market capitalization of $3.13 billion, a PE ratio of 25.32 and a beta of 0.58. The company has a fifty day moving average of $30.12 and a 200 day moving average of $23.30. 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.
CoreCivic declared that its Board of Directors has authorized a stock buyback plan on Monday, August 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On CoreCivic
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust's stock worth $242,955,000 after purchasing an additional 138,846 shares in the last quarter. Lee Danner & Bass Inc. boosted its stake in shares of CoreCivic by 20.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust's stock valued at $11,133,000 after purchasing an additional 97,413 shares during the period. KCM Capital Inc acquired a new position in shares of CoreCivic in the first quarter valued at approximately $10,400,000. Empowered Funds LLC acquired a new position in shares of CoreCivic in the first quarter valued at approximately $4,785,000. Finally, Caxton Associates LLP purchased a new stake in CoreCivic during the 1st quarter worth approximately $310,000. Hedge funds and other institutional investors own 85.13% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on CXW. Weiss Ratings raised CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. JonesTrading reiterated a "buy" rating and set a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Noble Financial reissued an "outperform" rating on shares of CoreCivic in a research report on Monday. Benchmark upped their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $37.00.
Check Out Our Latest Analysis on CXW
CoreCivic News Roundup
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: Noble raises earnings forecasts: Noble Financial increased its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 EPS to $0.78 from $0.71, FY2026 EPS to $2.70 from $2.61, and FY2027 EPS to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling stronger expectations for CoreCivic’s profitability. Noble Financial increases CoreCivic earnings estimates
- Positive Sentiment: $500 million share repurchase authorized: CoreCivic’s board approved a buyback program that could repurchase up to approximately 15.7% of outstanding shares. The authorization may support per-share earnings and suggests management views the stock as undervalued. CoreCivic board announces share repurchase program
- Neutral Sentiment: Analyst confidence is improving, but expectations are elevated: Noble’s revised estimates exceed the broader full-year consensus, while CoreCivic’s shares remain close to their 52-week high. Investors may expect upcoming results to validate the higher forecasts.
- Negative Sentiment: Executive selling weighs on sentiment: EVP Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct ownership by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth about $274,000, cutting his stake by 11.26%. CoreCivic insider sales
- Negative Sentiment: CFO also trimmed holdings: CFO David Garfinkle sold a combined 3,661 shares for roughly $125,000 across August 12 and 13. The sales were small relative to his remaining stake, but multiple insider transactions can reinforce concerns about near-term valuation or profit-taking.
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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