Devin Ignatius Murphy Sells 8,098 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director Devin Ignatius Murphy sold 8,098 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $33.79, for a total transaction of $273,631.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CoreCivic Stock Down 5.8%

Shares of NYSE CXW opened at $31.66 on Friday. 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 P/E ratio of 25.32 and a beta of 0.58. 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 fifty day moving average price of $30.12 and a 200 day moving average price of $23.30.

CoreCivic announced that its Board of Directors has authorized a stock buyback program 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 buy up to 15.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CXW has been the topic of several analyst reports. UBS Group set a $35.00 target price on CoreCivic in a report on Tuesday, July 7th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Monday. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research note 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, Noble Financial restated an “outperform” rating on shares of CoreCivic in a research note on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $37.00.

Trending Headlines about CoreCivic

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Analyst raises earnings outlook: Noble Financial lifted its Q3 2026 EPS forecast 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, suggesting improved confidence in CoreCivic’s profitability. Q3 Earnings Estimate for CoreCivic Issued By Noble Financial
• Positive Sentiment: $500 million share repurchase: CoreCivic’s board approved a buyback program that could repurchase up to approximately 15.7% of outstanding shares. The authorization may support earnings per share and signals that management believes the stock is undervalued. CoreCivic Board Announces Share Repurchase Program
• Neutral Sentiment: Valuation and expectations: Analysts generally remain positive, with a reported average price target of $37. However, the stock is trading near its 52-week high, increasing the risk that favorable forecasts are already reflected in the valuation.
• Negative Sentiment: Multiple insider sales: 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 over two days. The sales may undermine investor sentiment, although they do not necessarily indicate weakening business fundamentals. CoreCivic insider stock sales

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in CoreCivic during the 2nd quarter valued at approximately $480,557,000. Vanguard Group Inc. raised its position in shares of CoreCivic by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after purchasing an additional 138,846 shares in the last quarter. River Road Asset Management LLC raised its position in shares of CoreCivic by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock valued at $171,574,000 after purchasing an additional 287,108 shares in the last quarter. Lee Danner & Bass Inc. raised its position in shares of 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 in the last quarter. Finally, Rubric Capital Management LP boosted its stake in shares of CoreCivic by 5.0% during the 1st quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock valued at $38,940,000 after buying an additional 97,770 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

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.