Key Points
- CoreCivic EVP Daren Swenson sold 20,000 shares at an average price of $34.85, generating $697,000 and reducing his direct stake by 12.3% to 142,666 shares.
- CoreCivic exceeded quarterly expectations, reporting $0.38 in EPS versus the $0.34 consensus and $684.9 million in revenue, up 27.3% year over year. The company issued fiscal 2026 EPS guidance of $2.61–$2.70.
- The board authorized a $500 million stock-repurchase program, covering up to 15.7% of outstanding shares. Analysts maintain a consensus “Buy” rating with a $37 average price target, while institutional investors own 85.13% of the stock.
CoreCivic, Inc. (NYSE:CXW - Get Free Report) EVP Daren Swenson sold 20,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $34.85, for a total value of $697,000.00. Following the transaction, the executive vice president directly owned 142,666 shares of the company's stock, valued at approximately $4,971,910.10. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CoreCivic Price Performance
Shares of CXW opened at $34.93 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $35.30. The stock has a market capitalization of $3.45 billion, a P/E ratio of 27.95 and a beta of 0.60. The company has a 50 day moving average of $32.28 and a 200-day moving average of $25.48.
CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm's revenue for the quarter was up 27.3% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. As a group, equities research analysts forecast that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.
CoreCivic announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Wall Street Zen raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday, August 10th. Benchmark increased their price objective on CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a report on Friday, August 7th. Northland Securities set a $40.00 price target on shares of CoreCivic in a research report on Friday, June 26th. Weiss Ratings upgraded shares of CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 1st. Finally, UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $37.00.
View Our Latest Research Report on CXW
Institutional Investors Weigh In On CoreCivic
Hedge funds and other institutional investors have recently modified their holdings of the company. Persistent Asset Partners Ltd bought a new stake in shares of CoreCivic in the second quarter valued at about $52,000. Smartleaf Asset Management LLC increased its position in CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 702 shares during the period. Leonteq Securities AG bought a new position in CoreCivic during the fourth quarter worth about $57,000. Kestra Advisory Services LLC acquired a new stake in CoreCivic in the 4th quarter worth about $71,000. Finally, Public Employees Retirement System of Ohio bought a new stake in CoreCivic in the 2nd quarter valued at about $120,000. Institutional investors and hedge funds own 85.13% of the company's stock.
About CoreCivic
(
Get Free Report)
CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.
Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.
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