Mondrian Investment Partners LTD increased its holdings in shares of Corrections Corp. of America (NYSE:CXW) by 25.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,945 shares of the real estate investment trust’s stock after purchasing an additional 31,543 shares during the quarter. Mondrian Investment Partners LTD owned 0.13% of Corrections Corp. of America worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Corrections Corp. of America during the first quarter valued at $116,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of Corrections Corp. of America during the first quarter valued at $123,000. Advisory Services Network LLC lifted its holdings in shares of 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 valued at $113,000 after purchasing an additional 2,189 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 valued at $118,000 after purchasing an additional 452 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Corrections Corp. of America during the second quarter valued at $173,000. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on the company. 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 raised 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. SunTrust Banks, Inc. reissued a “buy” rating and issued a $37.00 target price on shares of Corrections Corp. of America in a report on Monday, October 2nd. ValuEngine downgraded Corrections Corp. of America from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Deutsche Bank AG lowered 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.25.

Corrections Corp. of America (NYSE CXW) traded up $0.04 during mid-day trading on Tuesday, reaching $24.90. The company’s stock had a trading volume of 136,114 shares, compared to its average volume of 702,339. The company has a market capitalization of $2,940.00, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. Corrections Corp. of America has a 52 week low of $14.02 and a 52 week high of $35.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.68 annualized dividend and a yield of 6.75%. Corrections Corp. of America’s dividend payout ratio (DPR) is 93.85%.

In other Corrections Corp. of America news, Director Mark A. Emkes acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $25.62 per share, for a total transaction of $128,100.00. Following the completion of the purchase, the director now directly owns 44,426 shares in the company, valued at $1,138,194.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David Garfinkle sold 10,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.90, for a total transaction of $259,000.00. Following the sale, the chief financial officer now owns 90,114 shares in the company, valued at approximately $2,333,952.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,360 shares of company stock worth $711,574. 1.30% of the stock is owned by company insiders.

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.

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

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