CoreCivic (NYSE:CXW) CFO Sells $16,708.73 in Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 491 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.03, for a total transaction of $16,708.73. Following the sale, the chief financial officer owned 393,353 shares in the company, valued at $13,385,802.59. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Garfinkle also recently made the following trade(s):

• On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The shares were sold at an average price of $34.27, for a total transaction of $108,635.90.

CoreCivic Trading Down 5.8%

CXW traded down $1.95 on Thursday, hitting $31.66. The company had a trading volume of 1,823,009 shares, compared to its average volume of 1,193,389. The business’s fifty day simple moving average is $29.94 and its 200 day simple moving average is $23.21. 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 12-month low of $15.73 and a 12-month high of $34.86. The company has a market cap of $3.13 billion, a PE ratio of 25.32 and a beta of 0.58.

CoreCivic announced that its board has initiated a stock repurchase 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 purchase up to 15.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research report on Friday, June 26th. Finally, JonesTrading reissued a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $37.00.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Raised earnings forecasts: Noble Financial increased its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 to $0.78 from $0.71, FY2026 to $2.70 from $2.61 and FY2027 to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling stronger confidence in CoreCivic’s earnings outlook. Q3 Earnings Estimate for CoreCivic Issued by Noble Financial
• Positive Sentiment: $500 million buyback: CoreCivic’s board authorized repurchases of up to $500 million, potentially covering approximately 15.7% of outstanding shares. The program could support per-share earnings and stock demand, while indicating that management views the shares as undervalued. CoreCivic Board Announces Share Repurchase Program
• Neutral Sentiment: Favorable ratings but elevated expectations: CoreCivic retains an overall “Buy” consensus, with a reported average price target of $37 and recent targets as high as $45. However, the stock is already well above its 50-day and 200-day moving averages, which may make investors more sensitive to disappointing news.
• Negative Sentiment: Heavy insider selling: Executive Vice President Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct holdings by 44.56%. Director Devin Ignatius Murphy also sold 8,098 shares valued at about $274,000. The transactions do not necessarily indicate deteriorating fundamentals, but their size and timing can pressure sentiment after the stock’s strong advance. CoreCivic Insider Buying and Selling

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. NBC Securities Inc. raised its holdings in shares of 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 buying an additional 1,228 shares during the period. Persistent Asset Partners Ltd bought a new stake in shares of CoreCivic during the 2nd quarter worth approximately $52,000. Leonteq Securities AG purchased a new position in CoreCivic during the 4th quarter valued at $57,000. Smartleaf Asset Management LLC boosted its holdings in CoreCivic by 33.0% during 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 acquiring an additional 702 shares during the period. Finally, Fifth Third Bancorp grew its position in 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 acquiring an additional 2,546 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

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.