Bank of New York Mellon Corp raised its position in Corrections Corp. of America (NYSE:CXW) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,140,892 shares of the real estate investment trust’s stock after buying an additional 92,348 shares during the period. Bank of New York Mellon Corp owned 1.81% of Corrections Corp. of America worth $57,312,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CXW. Dimensional Fund Advisors LP boosted its position in Corrections Corp. of America by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,787 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 1,152 shares in the last quarter. Capstone Asset Management Co. boosted its position in Corrections Corp. of America by 3.5% in the second quarter. Capstone Asset Management Co. now owns 12,876 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 430 shares in the last quarter. Bank of Montreal Can boosted its position in Corrections Corp. of America by 34.8% in the second quarter. Bank of Montreal Can now owns 100,959 shares of the real estate investment trust’s stock valued at $2,784,000 after buying an additional 26,078 shares in the last quarter. LS Investment Advisors LLC boosted its position in Corrections Corp. of America by 16.6% in the second quarter. LS Investment Advisors LLC now owns 9,109 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 1,294 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Corrections Corp. of America by 190.0% in the second quarter. Nisa Investment Advisors LLC now owns 15,875 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

Corrections Corp. of America (CXW) opened at $23.21 on Friday. Corrections Corp. of America has a 12-month low of $22.67 and a 12-month high of $35.33. The stock has a market cap of $2,710.00, a P/E ratio of 9.44, a PEG ratio of 1.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10.

Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $442.80 million for the quarter, compared to analyst estimates of $437.18 million. During the same period in the prior year, the business earned $0.69 earnings per share. Corrections Corp. of America’s quarterly revenue was down 6.8% on a year-over-year basis. research analysts anticipate that Corrections Corp. of America will post 2.33 EPS for the current fiscal year.

A number of research firms have commented on CXW. ValuEngine upgraded shares of Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $34.25.

In related news, 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 transaction of $260,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 31,083 shares of the company’s stock, valued at $805,049.70. The disclosure for this sale can be found here. Insiders have sold 22,360 shares of company stock worth $580,224 over the last quarter. 1.30% of the stock is owned by company insiders.

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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.

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

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