Thompson Siegel & Walmsley LLC raised its position in Corrections Corp. of America (NYSE:CXW) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 868,782 shares of the real estate investment trust’s stock after purchasing an additional 119,960 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.74% of Corrections Corp. of America worth $23,257,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of 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 worth $113,000 after purchasing an additional 2,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Corrections Corp. of America by 11.9% in 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. purchased a new position in shares of Corrections Corp. of America in the 2nd quarter worth about $173,000. Parametrica Management Ltd purchased a new stake in shares of Corrections Corp. of America during the 2nd quarter valued at about $201,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Corrections Corp. of America during the 2nd quarter valued at about $228,000. Institutional investors own 84.54% of the company’s stock.

CXW has been the topic of several analyst reports. BidaskClub downgraded Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, August 4th. Canaccord Genuity set a $36.00 target price on Corrections Corp. of America and gave the company a “buy” rating in a report on Monday, August 7th. Deutsche Bank AG dropped their target price on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Finally, ValuEngine upgraded Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Corrections Corp. of America presently has a consensus rating of “Hold” and a consensus price target of $34.25.

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In related news, Director Thurgood Marshall, Jr. sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $25.90, for a total transaction of $61,124.00. Following the completion of the transaction, the director now owns 31,083 shares in the company, valued at approximately $805,049.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Garfinkle sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.90, for a total value of $259,000.00. Following the transaction, the chief financial officer now owns 90,114 shares of the company’s stock, valued at approximately $2,333,952.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,360 shares of company stock valued at $580,224. Insiders own 1.30% of the company’s stock.

Shares of Corrections Corp. of America (NYSE CXW) traded down $0.16 during midday trading on Wednesday, reaching $23.05. The company’s stock had a trading volume of 732,800 shares, compared to its average volume of 1,038,460. Corrections Corp. of America has a 12-month low of $21.32 and a 12-month high of $35.33. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2,743.52, a price-to-earnings ratio of 9.32, a PEG ratio of 1.66 and a beta of 0.91.

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

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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