Strs Ohio decreased its position in shares of Corrections Corp. of America (NYSE:CXW) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,852 shares of the real estate investment trust’s stock after selling 18,678 shares during the period. Strs Ohio owned 0.13% of Corrections Corp. of America worth $4,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CXW. Hartford Investment Management Co. acquired a new position in shares of Corrections Corp. of America during the first quarter worth about $1,505,000. Morgan Stanley raised its position in shares of Corrections Corp. of America by 78.6% in the first quarter. Morgan Stanley now owns 751,496 shares of the real estate investment trust’s stock worth $23,612,000 after buying an additional 330,634 shares during the period. State Street Corp acquired a new position in shares of Corrections Corp. of America during the first quarter worth about $100,342,000. State of Alaska Department of Revenue raised its position in shares of Corrections Corp. of America by 27.2% in the first quarter. State of Alaska Department of Revenue now owns 56,440 shares of the real estate investment trust’s stock worth $1,773,000 after buying an additional 12,060 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Corrections Corp. of America by 46.4% in the fourth quarter. Teachers Advisors LLC now owns 247,185 shares of the real estate investment trust’s stock worth $6,046,000 after buying an additional 78,389 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.

Corrections Corp. of America (NYSE CXW) opened at 25.96 on Tuesday. The company has a 50-day moving average price of $28.12 and a 200 day moving average price of $30.81. The firm has a market capitalization of $3.07 billion, a P/E ratio of 13.66 and a beta of 0.92. Corrections Corp. of America has a 1-year low of $12.99 and a 1-year high of $35.33.

Corrections Corp. of America (NYSE:CXW) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.23. The company had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a return on equity of 15.42% and a net margin of 12.10%. Corrections Corp. of America’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Analysts expect that Corrections Corp. of America will post $1.53 earnings per share for the current fiscal year.

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 dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.47%. Corrections Corp. of America’s payout ratio is 88.42%.

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A number of research analysts have recently issued reports on CXW shares. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, April 20th. Canaccord Genuity set a $36.00 price objective on Corrections Corp. of America and gave the company a “buy” rating in a research note on Friday, May 19th. Deutsche Bank AG increased their price objective on Corrections Corp. of America from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 15th. ValuEngine raised Corrections Corp. of America from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, BidaskClub downgraded Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.50.

In other Corrections Corp. of America news, EVP Anthony L. Grande sold 23,000 shares of the business’s 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 sale, the executive vice president now directly owns 39,510 shares in the company, valued at $1,337,808.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lucibeth Mayberry sold 6,236 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $30.41, for a total value of $189,636.76. Following the sale, the executive vice president now owns 51,851 shares in the company, valued at $1,576,788.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,236 shares of company stock worth $1,121,117. 1.30% of the stock is owned by company insiders.

Corrections Corp. of America Company Profile

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.

Institutional Ownership by Quarter for Corrections Corp. of America (NYSE:CXW)

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