CoreCivic (NYSE:CXW) CFO David Garfinkle Sells 491 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) CFO David Garfinkle sold 491 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.03, for a total value of $16,708.73. Following the completion of the transaction, the chief financial officer directly owned 393,353 shares of the company’s stock, valued at approximately $13,385,802.59. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 12th, David Garfinkle sold 3,170 shares of CoreCivic stock. The shares were sold at an average price of $34.27, for a total value of $108,635.90.

CoreCivic Price Performance

Shares of CXW stock opened at $31.66 on Friday. The stock’s 50-day moving average is $30.12 and its 200 day moving average is $23.30. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year 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. The company has a market cap of $3.13 billion, a P/E ratio of 25.32 and a beta of 0.58.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CXW. UBS Group set a $35.00 price objective on shares of CoreCivic in a research report on Tuesday, July 7th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Benchmark raised their target price on shares of CoreCivic from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Northland Securities set a $40.00 price target on shares of CoreCivic in a report on Friday, June 26th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.00.

Institutional Trading of CoreCivic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXW. BlackRock Inc. purchased a new stake in CoreCivic during the 2nd quarter valued at about $480,557,000. Lee Danner & Bass Inc. raised its stake 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 worth $41,101,000 after purchasing an additional 1,590,940 shares during the last quarter. Rubric Capital Management LP lifted its holdings in shares of CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after purchasing an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of CoreCivic by 361.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock worth $26,562,000 after purchasing an additional 987,375 shares during the period. Finally, JB Capital Partners LP purchased a new stake in CoreCivic in the second quarter valued at approximately $25,677,480,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic News Roundup

Here are the key news stories impacting CoreCivic this week:

• Positive Sentiment: Noble raises earnings forecasts: Noble Financial increased its Q3 2026 EPS estimate to $0.64 from $0.62, Q4 EPS to $0.78 from $0.71, FY2026 EPS to $2.70 from $2.61, and FY2027 EPS to $3.62 from $3.19. The firm maintained an “Outperform” rating, signaling stronger expectations for CoreCivic’s profitability. Noble Financial increases CoreCivic earnings estimates
• Positive Sentiment: $500 million share repurchase authorized: CoreCivic’s board approved a buyback program that could repurchase up to approximately 15.7% of outstanding shares. The authorization may support per-share earnings and suggests management views the stock as undervalued. CoreCivic board announces share repurchase program
• Neutral Sentiment: Analyst confidence is improving, but expectations are elevated: Noble’s revised estimates exceed the broader full-year consensus, while CoreCivic’s shares remain close to their 52-week high. Investors may expect upcoming results to validate the higher forecasts.
• Negative Sentiment: Executive selling weighs on sentiment: EVP Lucibeth Mayberry sold 120,000 shares for approximately $4.0 million, reducing her direct ownership by 44.56%. Director Devin Ignatius Murphy sold 8,098 shares worth about $274,000, cutting his stake by 11.26%. CoreCivic insider sales
• Negative Sentiment: CFO also trimmed holdings: CFO David Garfinkle sold a combined 3,661 shares for roughly $125,000 across August 12 and 13. The sales were small relative to his remaining stake, but multiple insider transactions can reinforce concerns about near-term valuation or profit-taking.

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.