Capstone Asset Management Co. boosted its stake in Corrections Corp. of America (NYSE:CXW) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,876 shares of the real estate investment trust’s stock after buying an additional 430 shares during the period. Capstone Asset Management Co.’s holdings in Corrections Corp. of America were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CXW. Vanguard Group Inc. raised its position in Corrections Corp. of America by 1.6% in the first quarter. Vanguard Group Inc. now owns 18,814,032 shares of the real estate investment trust’s stock valued at $591,136,000 after buying an additional 293,923 shares during the last quarter. BlackRock Inc. raised 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 during the last quarter. FMR LLC raised 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 during the last quarter. State Street Corp purchased a new position in Corrections Corp. of America during the first quarter valued at $100,342,000. Finally, Daiwa Securities Group Inc. raised 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 during the last quarter. 89.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Corrections Corp. of America (NYSE CXW) traded up 0.39% on Thursday, reaching $25.62. 192,931 shares of the company’s stock were exchanged. The stock has a market cap of $3.03 billion, a P/E ratio of 14.26 and a beta of 0.92. The company’s 50 day moving average price is $27.71 and its 200-day moving average price is $30.70. Corrections Corp. of America has a 52-week low of $12.99 and a 52-week high of $35.33.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.36 by $0.23. The company had revenue of $436.39 million during the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Equities analysts forecast that Corrections Corp. of America will post $1.54 EPS for the current fiscal year.

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CXW has been the topic of several recent analyst reports. Canaccord Genuity set a $36.00 price objective on shares of Corrections Corp. of America and gave the stock a “buy” rating in a research note on Friday, May 19th. BidaskClub lowered shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank AG lifted their price objective on shares of Corrections Corp. of America from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, ValuEngine raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Corrections Corp. of America has an average rating of “Hold” and an average price target of $30.25.

In other news, EVP Anthony L. Grande sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $33.86, for a total transaction of $778,780.00. Following the completion of the sale, the executive vice president now owns 39,510 shares of the company’s stock, valued at approximately $1,337,808.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lucibeth Mayberry sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $30.54, for a total transaction of $152,700.00. Following the sale, the executive vice president now directly owns 45,615 shares of the company’s stock, valued at approximately $1,393,082.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,236 shares of company stock valued at $1,121,117. Insiders own 1.30% of the company’s stock.

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

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