Anchor Capital Advisors LLC lifted its position in Corrections Corp. of America (NYSE:CXW) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 894,082 shares of the real estate investment trust’s stock after acquiring an additional 19,757 shares during the period. Anchor Capital Advisors LLC owned 0.76% of Corrections Corp. of America worth $23,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CXW. Advisory Services Network LLC grew its position in Corrections Corp. of America by 115.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,189 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Corrections Corp. of America during the 1st quarter worth about $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Corrections Corp. of America by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 452 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Corrections Corp. of America during the 2nd quarter worth about $173,000. Finally, Parametrica Management Ltd acquired a new stake in Corrections Corp. of America during the 2nd quarter worth about $201,000. 84.78% of the stock is currently owned by institutional investors.

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In other news, CFO David Garfinkle sold 10,000 shares of Corrections Corp. of America stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.01, for a total transaction of $260,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thurgood Marshall, Jr. sold 2,360 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 $61,124.00. Following the sale, the director now directly owns 31,083 shares in the company, valued at approximately $805,049.70. The disclosure for this sale can be found here. Insiders sold a total of 22,360 shares of company stock worth $580,224 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Shares of Corrections Corp. of America (CXW) traded down $1.21 during trading on Monday, reaching $24.61. 1,086,100 shares of the company were exchanged, compared to its average volume of 1,040,685. The stock has a market cap of $2,890.00, a price-to-earnings ratio of 9.88, a PEG ratio of 1.76 and a beta of 0.91. Corrections Corp. of America has a 1 year low of $19.15 and a 1 year high of $35.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10.

Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Corrections Corp. of America had a net margin of 11.03% and a return on equity of 13.54%. The firm had revenue of $442.80 million for the quarter, compared to analyst estimates of $437.18 million. During the same period last year, the company posted $0.69 EPS. Corrections Corp. of America’s quarterly revenue was down 6.8% compared to the same quarter last year. equities analysts anticipate that Corrections Corp. of America will post 2.33 EPS for the current fiscal year.

CXW has been the topic of a number of analyst reports. SunTrust Banks, Inc. restated a “buy” rating and set a $37.00 target price on shares of Corrections Corp. of America in a research report on Friday. Zacks Investment Research cut Corrections Corp. of America from a “hold” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine upgraded Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.25.

Corrections Corp. of America 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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