CoreCivic (NYSE:CXW) EVP Daren Swenson Sells 20,000 Shares

CoreCivic, Inc. (NYSE:CXW) EVP Daren Swenson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $34.85, for a total transaction of $697,000.00. Following the sale, the executive vice president directly owned 142,666 shares of the company’s stock, valued at approximately $4,971,910.10. This trade represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CoreCivic Price Performance

Shares of CXW stock opened at $34.93 on Friday. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $35.30. The stock has a market cap of $3.45 billion, a PE ratio of 27.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s 50 day moving average price is $32.28 and its two-hundred day moving average price is $25.48.

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

CoreCivic announced that its Board of Directors has approved a share repurchase program 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 programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Benchmark upped their price target on CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. UBS Group set a $35.00 price target on shares of CoreCivic in a research report on Tuesday, July 7th. Northland Securities set a $40.00 price objective on shares of CoreCivic in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.00.

Institutional Investors Weigh In On CoreCivic

Several large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position 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 valued at $603,000 after acquiring an additional 510 shares in the last quarter. State of Wyoming increased its holdings in CoreCivic by 3.1% during the 1st quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 659 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the period. Bessemer Group Inc. raised its stake in shares of CoreCivic by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock valued at $3,148,000 after purchasing an additional 742 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of 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 valued at $223,000 after purchasing an additional 1,002 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.

Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.