Key Points
- Director Mark Emkes sold 30,000 CoreCivic shares at an average price of $34.25, generating $1.03 million and reducing his position by 17.5%.
- CoreCivic’s latest quarter exceeded expectations, with $0.38 in EPS versus a $0.34 estimate and revenue of $684.9 million, up 27.3% year over year. The company maintained 2026 EPS guidance of $2.61–$2.70.
- The board authorized a $500 million share-repurchase program, while analysts maintain a consensus “Buy” rating and a $37 average price target; however, increased insider selling and sharply higher short interest could add volatility.
CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director John Prann, Jr. sold 3,098 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $105,332.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $170,000. The trade was a 38.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CoreCivic Trading Up 2.3%
NYSE CXW opened at $33.89 on Thursday. 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 company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 27.11 and a beta of 0.58. The company's 50-day simple moving average is $31.34 and its two-hundred day simple moving average is $24.22. CoreCivic, Inc. has a one year low of $15.73 and a one year high of $34.86.
CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results 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. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The firm had revenue of $684.92 million during the quarter, compared to analysts' expectations of $618.63 million. During the same quarter in the prior year, the company earned $0.59 EPS. The company's revenue was up 27.3% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Equities analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.
CoreCivic declared that its Board of Directors has initiated a stock buyback plan on Monday, August 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 15.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of CoreCivic during the second quarter worth about $480,557,000. Lee Danner & Bass Inc. raised its stake in CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust's stock worth $41,101,000 after acquiring an additional 1,590,940 shares during the last quarter. Rubric Capital Management LP lifted its position in CoreCivic by 140.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust's stock worth $39,915,000 after acquiring an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. grew its stake in CoreCivic by 361.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust's stock valued at $26,562,000 after purchasing an additional 987,375 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new position in shares of CoreCivic in the second quarter valued at about $27,310,000. 85.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CXW. Noble Financial restated an "outperform" rating on shares of CoreCivic in a report on Monday, August 10th. UBS Group set a $35.00 price target on CoreCivic in a report on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 1st. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Finally, JonesTrading reaffirmed a "buy" rating and set a $30.00 price objective on shares of CoreCivic in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic presently has a consensus rating of "Buy" and a consensus price target of $37.00.
Get Our Latest Report on CoreCivic
More CoreCivic News
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
(
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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