CoreCivic (NYSE:CXW) Director Harley Lappin Sells 3,000 Shares of Stock

CoreCivic, Inc. (NYSE:CXW) Director Harley Lappin sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $32.69, for a total value of $98,070.00. Following the transaction, the director owned 50,328 shares of the company’s stock, valued at approximately $1,645,222.32. This represents a 5.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CoreCivic Trading Up 3.5%

CXW stock traded up $1.11 on Friday, reaching $32.71. The company’s stock had a trading volume of 1,803,428 shares, compared to its average volume of 1,197,325. The firm has a market cap of $3.23 billion, a PE ratio of 26.17 and a beta of 0.58. The business has a fifty day simple moving average of $30.12 and a two-hundred 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 company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32.

CoreCivic declared that its Board of Directors has approved a stock buyback program on Monday, August 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 15.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of CoreCivic

A number of hedge funds have recently made changes to their positions in CXW. Hsbc Holdings PLC purchased a new stake in shares of CoreCivic in the 2nd quarter worth approximately $544,000. Legal & General Group Plc purchased a new position in CoreCivic during the second quarter valued at $6,991,000. The Manufacturers Life Insurance Company bought a new stake in CoreCivic in the second quarter worth $1,458,000. Algert Global LLC boosted its holdings in CoreCivic by 114.9% in the second quarter. Algert Global LLC now owns 296,839 shares of the real estate investment trust’s stock worth $9,018,000 after acquiring an additional 158,730 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of CoreCivic in the second quarter worth $265,000. 85.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CXW has been the topic of a number of research reports. Benchmark lifted 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. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group set a $35.00 price objective on shares of CoreCivic in a report on Tuesday, July 7th. Northland Securities set a $40.00 price objective on CoreCivic in a research report on Friday, June 26th. Finally, JonesTrading reiterated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic currently has an average rating of “Buy” and a consensus target price of $37.00.

Key Headlines 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.