Insider Selling: CoreCivic (NYSE:CXW) Director Sells $273,631.42 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Devin Ignatius Murphy sold 8,098 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $33.79, for a total value of $273,631.42. Following the completion of the sale, the director directly owned 63,826 shares of the company’s stock, valued at approximately $2,156,680.54. This trade represents a 11.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CoreCivic Price Performance

CXW opened at $32.71 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $30.30 and its 200 day simple moving average is $23.36. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86.

CoreCivic declared that its Board of Directors has initiated a stock repurchase program on Monday, August 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 15.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

More CoreCivic News

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CXW. PNC Financial Services Group Inc. raised its holdings in CoreCivic by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 510 shares in the last quarter. State of Wyoming boosted its stake in shares of CoreCivic by 3.1% during the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 659 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 valued at $59,000 after buying an additional 702 shares during the period. Bessemer Group Inc. increased its position in shares of CoreCivic by 0.4% during the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after buying an additional 742 shares during the period. Finally, Lazard Asset Management LLC raised its stake in CoreCivic by 10.4% in the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,002 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CXW. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. JonesTrading reiterated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Benchmark increased their target price on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 7th. 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, According to data from MarketBeat.com, CoreCivic presently 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.