Corrections Corp. of America (NYSE:CXW) saw some unusual options trading on Friday. Stock investors purchased 10,027 put options on the company. This is an increase of 1,764% compared to the typical volume of 538 put options.

Shares of Corrections Corp. of America (NYSE CXW) opened at 27.20 on Monday. The company has a market capitalization of $3.21 billion, a PE ratio of 14.32 and a beta of 0.92. Corrections Corp. of America has a one year low of $12.99 and a one year high of $35.33. The firm’s 50-day moving average price is $28.12 and its 200 day moving average price is $30.81.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were given a $0.42 dividend. The ex-dividend date was Thursday, June 29th. This represents a $1.68 annualized dividend and a yield of 6.18%. Corrections Corp. of America’s dividend payout ratio is presently 88.42%.

In other Corrections Corp. of America news, EVP Anthony L. Grande sold 23,000 shares of Corrections Corp. of America stock in a transaction on Monday, May 15th. The stock was sold at an average price of $33.86, for a total transaction of $778,780.00. Following the completion of the transaction, the executive vice president now directly owns 39,510 shares of the company’s stock, valued at $1,337,808.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lucibeth Mayberry sold 5,000 shares of Corrections Corp. of America stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $30.54, for a total value of $152,700.00. Following the transaction, the executive vice president now directly owns 45,615 shares of the company’s stock, valued at $1,393,082.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,236 shares of company stock valued at $1,121,117. Company insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CXW. BlackRock Inc. increased its position in Corrections Corp. of America by 13,997.1% in the first quarter. BlackRock Inc. now owns 10,765,267 shares of the real estate investment trust’s stock valued at $338,241,000 after buying an additional 10,688,902 shares in the last quarter. FMR LLC increased its position in Corrections Corp. of America by 108.8% in the first quarter. FMR LLC now owns 7,127,278 shares of the real estate investment trust’s stock valued at $223,939,000 after buying an additional 3,713,585 shares in the last quarter. State Street Corp purchased a new position in Corrections Corp. of America during the first quarter valued at approximately $100,342,000. Daiwa Securities Group Inc. increased its position in Corrections Corp. of America by 39,326.9% in the first quarter. Daiwa Securities Group Inc. now owns 2,694,827 shares of the real estate investment trust’s stock valued at $84,671,000 after buying an additional 2,687,992 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Corrections Corp. of America during the first quarter valued at approximately $70,703,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday. BidaskClub cut Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine raised Corrections Corp. of America from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Canaccord Genuity set a $36.00 price target on Corrections Corp. of America and gave the company a “buy” rating in a report on Friday, May 19th. Finally, Deutsche Bank AG lifted their price target on Corrections Corp. of America from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.50.

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About Corrections Corp. of America

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

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