Corrections Corp. of America (NYSE:CXW) CFO David Garfinkle sold 10,000 shares of Corrections Corp. of America stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $259,000.00. Following the completion of the transaction, the chief financial officer now owns 90,114 shares of the company’s stock, valued at approximately $2,333,952.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Corrections Corp. of America (NYSE CXW) opened at 25.44 on Friday. The company has a 50-day moving average of $25.93 and a 200 day moving average of $29.54. Corrections Corp. of America has a 52-week low of $12.99 and a 52-week high of $35.33. The company has a market cap of $3.01 billion, a PE ratio of 14.16 and a beta of 0.92.

Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.23. The business 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 firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Equities research analysts predict that Corrections Corp. of America will post $1.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, September 29th. Corrections Corp. of America’s payout ratio is 93.86%.

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A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.00.

A number of large investors have recently modified their holdings of the stock. Cetera Investment Advisers bought a new position in Corrections Corp. of America in the 2nd quarter valued at approximately $583,000. Advisory Services Network LLC lifted its stake in Corrections Corp. of America by 115.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,189 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Corrections Corp. of America by 32.0% in the 2nd quarter. Sterling Capital Management LLC now owns 109,101 shares of the real estate investment trust’s stock valued at $3,009,000 after purchasing an additional 26,431 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Corrections Corp. of America by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,357 shares of the real estate investment trust’s stock valued at $975,000 after purchasing an additional 670 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Corrections Corp. of America by 8.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 629 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

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