Insider Selling: CoreCivic (NYSE:CXW) Director Sells 30,000 Shares

Key Points

• CoreCivic director John Prann Jr. sold 30,000 shares at an average price of $32.21, generating approximately $966,300 and reducing his position by 29.88%.
• The company authorized a $500 million share-repurchase program, allowing it to buy back up to 15.7% of outstanding shares—an action that may support the stock and signal management views it as undervalued.
• Investor sentiment remains broadly positive: institutional ownership is 85.13%, analysts maintain a consensus “Buy” rating with a $37 average price target, and CoreCivic shares recently traded near their 52-week high.

CoreCivic, Inc. (NYSE:CXW - Get Free Report) Director John Prann, Jr. sold 30,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $32.21, for a total value of $966,300.00. Following the completion of the sale, the director owned 70,396 shares of the company's stock, valued at $2,267,455.16. The trade was a 29.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

CoreCivic Price Performance

NYSE:CXW traded up $1.11 on Friday, reaching $32.71. 1,803,428 shares of the company's stock traded hands, compared to its average volume of 1,197,325. The stock has a 50-day simple moving average of $30.12 and a 200-day simple moving average of $23.30. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $34.86. The firm has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.86.

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

Hedge Funds Weigh In On CoreCivic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in CoreCivic in the 2nd quarter worth approximately $480,557,000. Vanguard Group Inc. boosted its position in shares of CoreCivic by 1.1% during 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 acquiring an additional 138,846 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of CoreCivic by 3.3% in the fourth 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. grew its holdings in shares of CoreCivic by 273.1% in the first 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 increased its position in CoreCivic by 5.0% in the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust's stock worth $38,940,000 after purchasing an additional 97,770 shares during the last quarter. 85.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings raised CoreCivic from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. JonesTrading reaffirmed a "buy" rating and set a $30.00 price objective on shares of CoreCivic in a report on Wednesday, August 5th. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a report on Friday, June 26th. Finally, Noble Financial restated an "outperform" rating on shares of CoreCivic in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $37.00.

Key Stories 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

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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