Thurgood Marshall, Jr. Sells 7,100 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) Director Thurgood Marshall, Jr. sold 7,100 shares of CoreCivic stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $34.00, for a total transaction of $241,400.00. Following the completion of the sale, the director owned 45,274 shares of the company’s stock, valued at $1,539,316. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CoreCivic Stock Up 3.5%

NYSE:CXW opened at $32.71 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average is $30.30 and its two-hundred day moving average is $23.36. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $34.86. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 26.17 and a beta of 0.58.

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. increased its holdings in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the period. Persistent Asset Partners Ltd purchased a new position in shares of CoreCivic in the 2nd quarter valued at about $52,000. Leonteq Securities AG purchased a new position in shares of CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC grew 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 worth $59,000 after buying an additional 702 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of CoreCivic by 320.7% during the fourth 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 in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark raised their target price on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Northland Securities set a $40.00 price objective on shares of CoreCivic in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.