David Garfinkle Sells 50,000 Shares of CoreCivic (NYSE:CXW) Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 50,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.76, for a total transaction of $1,688,000.00. Following the sale, the chief financial officer directly owned 343,353 shares of the company’s stock, valued at approximately $11,591,597.28. This represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David Garfinkle also recently made the following trade(s):

• On Thursday, August 13th, David Garfinkle sold 491 shares of CoreCivic stock. The stock was sold at an average price of $34.03, for a total transaction of $16,708.73.
• On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The stock was sold at an average price of $34.27, for a total transaction of $108,635.90.

CoreCivic Price Performance

NYSE CXW opened at $31.91 on Thursday. CoreCivic, Inc. has a 1 year low of $15.73 and a 1 year high of $34.86. The business’s fifty day moving average is $30.73 and its two-hundred day moving average is $23.69. The stock has a market capitalization of $3.16 billion, a P/E ratio of 25.53 and a beta of 0.58. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million during the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%.The company’s revenue was up 27.3% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts forecast that CoreCivic, Inc. will post 2.69 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CXW shares. Northland Securities set a $40.00 price target on CoreCivic in a research note on Friday, June 26th. Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Noble Financial reissued an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. UBS Group set a $35.00 price target on shares of CoreCivic in a report on Tuesday, July 7th. Finally, JonesTrading restated a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $37.00.

Institutional Investors Weigh In On CoreCivic

Hedge funds have recently bought and sold shares of the business. Capital Advisors Inc. OK acquired a new stake in CoreCivic during the 2nd quarter worth about $1,434,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CoreCivic by 3.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,968 shares of the real estate investment trust’s stock valued at $5,072,000 after purchasing an additional 5,982 shares during the period. Hsbc Holdings PLC acquired a new position in shares of CoreCivic in the 2nd quarter valued at about $544,000. Empowered Funds LLC purchased a new stake in shares of CoreCivic in the second quarter worth approximately $10,218,000. Finally, AWH Capital L.P. acquired a new stake in shares of CoreCivic during the second quarter worth approximately $5,316,500,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

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.