CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director John Prann, Jr. sold 40,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $33.54, for a total value of $1,341,600.00. Following the completion of the transaction, the director directly owned 30,396 shares of the company's stock, valued at approximately $1,019,481.84. The trade was a 56.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CoreCivic Price Performance
Shares of CXW opened at $32.35 on Wednesday. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86. The stock's fifty day moving average is $30.62 and its 200-day moving average is $23.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 25.88 and a beta of 0.58.
CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $684.92 million during the quarter, compared to the consensus estimate of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The company's quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Equities analysts anticipate that CoreCivic, Inc. will post 2.69 EPS for the current year.
CoreCivic announced that its board has approved a share repurchase program on Monday, August 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 15.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On CoreCivic
Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in CoreCivic by 49.2% during the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust's stock valued at $1,207,000 after purchasing an additional 19,630 shares during the last quarter. AQR Capital Management LLC grew its position in 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 worth $571,000 after buying an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 buying an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust's stock valued at $383,000 after buying an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 valued at $4,473,000 after acquiring an additional 4,977 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.
Analyst Upgrades and Downgrades
CXW has been the topic of a number of research analyst reports. Noble Financial reiterated an "outperform" rating on shares of CoreCivic in a research note on Monday, August 10th. UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. JonesTrading reiterated a "buy" rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Wall Street Zen raised CoreCivic from a "hold" rating to a "buy" rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $37.00.
Check Out Our Latest Analysis on CXW
Trending Headlines about CoreCivic
Here are the key news stories impacting CoreCivic this week:
- Positive Sentiment: Recent coverage points to new contracts for CoreCivic, which could improve facility utilization, revenue visibility and long-term cash flow. What Do New Contracts Mean for CoreCivic?
- Positive Sentiment: The board recently authorized a $500 million stock-repurchase program, allowing CoreCivic to buy back as much as 15.7% of its outstanding shares. Buybacks can support earnings per share and signal management believes the stock is undervalued.
- Positive Sentiment: Analyst sentiment remains constructive: CoreCivic has a consensus “Buy” rating and an average price target of $37, while Benchmark recently raised its target to $45.
- Positive Sentiment: The company’s latest quarterly results exceeded expectations, with EPS of $0.38 versus a $0.34 consensus estimate and revenue of $684.9 million versus expectations of $618.6 million. Revenue increased 27.3% year over year, and fiscal 2026 EPS guidance remains $2.61–$2.70.
- Neutral Sentiment: Institutional ownership is high at approximately 85%, with several investment firms increasing their positions during the first quarter. This indicates continued institutional interest but does not eliminate near-term volatility.
- Negative Sentiment: Multiple insiders sold shares on August 17: CFO David Garfinkle sold 50,000 shares for approximately $1.69 million, Director John R. Prann Jr. sold 40,000 shares for about $1.34 million, and EVP Anthony Grande sold 29,199 shares for roughly $981,000. The transactions materially reduced their individual holdings and may be interpreted as a near-term confidence signal, particularly with CXW trading near its 52-week high. SEC insider transaction filing
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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