Corrections Corp. of America (NYSE:CXW) CFO David Garfinkle sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.01, for a total value of $260,100.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

David Garfinkle also recently made the following trade(s):

  • On Friday, September 15th, David Garfinkle sold 10,000 shares of Corrections Corp. of America stock. The stock was sold at an average price of $25.90, for a total value of $259,000.00.

Shares of Corrections Corp. of America (NYSE:CXW) opened at 26.60 on Wednesday. Corrections Corp. of America has a one year low of $12.99 and a one year high of $35.33. The stock has a market capitalization of $3.14 billion, a PE ratio of 14.80 and a beta of 0.92. The stock’s 50 day moving average price is $26.08 and its 200 day moving average price is $28.74.

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 Zacks’ consensus estimate of $0.36 by $0.23. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The firm had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts predict that Corrections Corp. of America will post $1.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.32%. Corrections Corp. of America’s payout ratio is 93.86%.

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Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in Corrections Corp. of America by 115.0% during the second quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Corrections Corp. of America during the first quarter worth approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Corrections Corp. of America by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 452 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in Corrections Corp. of America during the first quarter worth approximately $123,000. Finally, Harbour Capital Advisors LLC purchased a new position in Corrections Corp. of America during the first quarter worth approximately $162,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.

A number of research analysts recently commented on CXW shares. Zacks Investment Research raised Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, August 4th. TheStreet cut Corrections Corp. of America from a “b-” rating to a “c+” rating in a report on Monday, August 21st. ValuEngine cut Corrections Corp. of America from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Canaccord Genuity set a $36.00 price target on Corrections Corp. of America and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $37.00 price target on shares of Corrections Corp. of America in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Corrections Corp. of America currently has a consensus rating of “Buy” and an average price target of $34.25.

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.

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

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