Corrections Corp. of America (NYSE:CXW) EVP Kim White sold 5,000 shares of Corrections Corp. of America stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $26.27, for a total transaction of $131,350.00. Following the completion of the transaction, the executive vice president now owns 22,393 shares in the company, valued at approximately $588,264.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corrections Corp. of America (NYSE CXW) remained flat at $25.96 on Tuesday. The company had a trading volume of 849,642 shares. 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 cap of $3.07 billion, a price-to-earnings ratio of 14.45 and a beta of 0.92. The firm has a 50-day moving average of $27.51 and a 200 day moving average of $30.64.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.23. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The business had revenue of $436.39 million for the quarter, compared to analyst estimates of $437.92 million. During the same period in the prior year, the business posted $0.49 earnings per share. Corrections Corp. of America’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Corrections Corp. of America will post $1.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.42 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.68 annualized dividend and a yield of 6.47%. Corrections Corp. of America’s dividend payout ratio is currently 93.86%.

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Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, April 20th. Canaccord Genuity restated a “buy” rating and issued a $34.00 price target on shares of Corrections Corp. of America in a research report on Wednesday, May 3rd. BidaskClub lowered shares of Corrections Corp. of America from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Deutsche Bank AG decreased their price target on shares of Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. 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 analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.00.

A number of large investors have recently bought and sold shares of CXW. BlackRock Inc. raised its stake in Corrections Corp. of America by 13,997.1% in the first quarter. BlackRock Inc. now owns 10,765,267 shares of the real estate investment trust’s stock valued at $338,241,000 after buying an additional 10,688,902 shares during the period. FMR LLC raised its stake in Corrections Corp. of America by 108.8% in the first quarter. FMR LLC now owns 7,127,278 shares of the real estate investment trust’s stock valued at $223,939,000 after buying an additional 3,713,585 shares during the period. State Street Corp purchased a new stake in Corrections Corp. of America during the first quarter valued at $100,342,000. Daiwa Securities Group Inc. raised its stake in Corrections Corp. of America by 39,326.9% in the first quarter. Daiwa Securities Group Inc. now owns 2,694,827 shares of the real estate investment trust’s stock valued at $84,671,000 after buying an additional 2,687,992 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Corrections Corp. of America during the first quarter valued at $70,703,000. Institutional investors own 88.79% of the company’s stock.

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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