Insider Selling: CoreCivic (NYSE:CXW) Director Sells $98,070.00 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Harley Lappin sold 3,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $32.69, for a total value of $98,070.00. Following the completion of the sale, the director owned 50,328 shares in the company, valued at $1,645,222.32. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CoreCivic Trading Down 0.3%

Shares of CXW stock opened at $32.71 on Monday. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $34.86. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58. The stock has a 50-day moving average of $30.30 and a 200-day moving average of $23.39.

CoreCivic announced that its Board of Directors has approved a stock buyback plan on Monday, August 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On CoreCivic

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. raised its holdings in shares of CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares during the period. Persistent Asset Partners Ltd acquired a new stake in shares of CoreCivic in the 2nd quarter valued at about $52,000. Leonteq Securities AG bought a new stake in CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC increased its position in CoreCivic by 33.0% in 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 buying an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,546 shares during the period. 85.13% of the stock is owned by institutional investors.

Key Headlines Impacting CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble Financial raised earnings forecasts: The firm lifted 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. Noble maintained an “Outperform” rating, indicating increased confidence in CoreCivic’s earnings outlook. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million buyback supports the stock: CoreCivic’s board authorized repurchases of up to approximately 15.7% of outstanding shares. The plan could boost future earnings per share, provide buying support and signal that management believes the stock is undervalued.
• Positive Sentiment: Analyst sentiment remains favorable: CoreCivic has a reported consensus “Buy” rating and an average price target of $37. Benchmark recently raised its target to $45, reinforcing the potential for additional upside if the improved earnings outlook is delivered.
• Neutral Sentiment: Valuation leaves less room for disappointment: The shares are trading near their 52-week high and above both their 50-day and 200-day moving averages. Investors may expect upcoming quarterly results to validate Noble’s higher forecasts, increasing the risk of volatility if results fall short.
• Negative Sentiment: Multiple insiders sold shares: EVP Lucibeth Mayberry sold 120,000 shares for about $4.0 million, reducing her holdings by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth roughly $274,000, while CFO David Garfinkle sold a combined 3,661 shares for approximately $125,000. The CFO retained a substantial position, but the cluster of sales may weigh on sentiment. CoreCivic insider sales

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CXW. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Noble Financial restated an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. JonesTrading reaffirmed a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Benchmark increased their price target on CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average price target of $37.00.

CoreCivic Company Profile

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.