CoreCivic (NYSE:CXW) Director Sells $1,027,500.00 in Stock

Key Points

• CoreCivic Director Mark Emkes sold 30,000 shares at an average price of $34.25, generating $1.03 million and reducing his direct ownership by 17.52% to 141,274 shares.
• CoreCivic reported quarterly revenue of $684.9 million and EPS of $0.38, beating analyst estimates, while revenue increased 27.3% year over year. The company issued fiscal 2026 EPS guidance of $2.61–$2.70.
• The board authorized a $500 million share-repurchase program, covering up to 15.7% of outstanding shares. Analysts maintain a “Buy” consensus with an average price target of $37, while the stock recently traded at $33.89.

CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director Mark Emkes sold 30,000 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $34.25, for a total transaction of $1,027,500.00. Following the completion of the sale, the director directly owned 141,274 shares of the company's stock, valued at approximately $4,838,634.50. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CoreCivic Trading Up 2.3%

Shares of NYSE:CXW traded up $0.75 during trading on Wednesday, reaching $33.89. 1,917,951 shares of the company were exchanged, compared to its average volume of 1,214,756. The firm has a market capitalization of $3.35 billion, a PE ratio of 27.11 and a beta of 0.58. The business's fifty day simple moving average is $31.23 and its 200-day simple moving average is $24.11. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $34.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.32 and a quick ratio of 1.32.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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 return on equity of 9.22% and a net margin of 5.15%.CoreCivic's quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, research analysts anticipate that CoreCivic, Inc. will post 2.69 EPS for the current year.

CoreCivic declared that its board has initiated a share repurchase program on Monday, August 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 15.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On CoreCivic

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust's stock worth $1,207,000 after buying an additional 19,630 shares during the last quarter. AQR Capital Management LLC lifted its position in CoreCivic by 69.8% during the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust's stock valued at $571,000 after acquiring an additional 11,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CoreCivic by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust's stock valued at $1,315,000 after acquiring an additional 2,828 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust's stock worth $4,473,000 after purchasing an additional 4,977 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CXW has been the topic of several recent research reports. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Monday, August 10th. Northland Securities set a $40.00 price target on shares of CoreCivic in a report on Friday, June 26th. Noble Financial reaffirmed an "outperform" rating on shares of CoreCivic in a research report on Monday, August 10th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Finally, Benchmark lifted their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the company a "buy" rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CoreCivic has an average rating of "Buy" and a consensus price target 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.

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