Insider Selling: CoreCivic (NYSE:CXW) Director Sells $727,496.64 in Stock

CoreCivic, Inc. (NYSE:CXW) Director Harley Lappin sold 22,032 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $33.02, for a total value of $727,496.64. Following the transaction, the director owned 53,328 shares in the company, valued at $1,760,890.56. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

CoreCivic Price Performance

CXW traded up $1.11 during trading on Friday, hitting $32.71. The company’s stock had a trading volume of 1,803,428 shares, compared to its average volume of 1,197,325. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $34.86. The business’s fifty day simple moving average is $30.12 and its 200 day simple moving average is $23.30. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86.

CoreCivic declared that its Board of Directors has initiated a share repurchase 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 buy up to 15.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of CoreCivic

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CoreCivic during the second quarter worth approximately $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 valued at $41,101,000 after purchasing an additional 1,590,940 shares during the last quarter. Rubric Capital Management LP lifted its holdings in CoreCivic by 140.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in CoreCivic by 361.3% in 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 in the last quarter. Finally, JB Capital Partners LP purchased a new position in CoreCivic in the 2nd quarter valued at $25,677,480,000. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic News Summary

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 Analyst Weigh In

Several equities research analysts recently commented on the stock. JonesTrading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a report on Wednesday, August 5th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday. Benchmark lifted their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, Noble Financial restated an “outperform” rating on shares of CoreCivic in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.00.

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.