Nationwide Fund Advisors cut its stake in shares of Corrections Corp. of America (NYSE:CXW) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 259,767 shares of the real estate investment trust’s stock after selling 2,931 shares during the period. Nationwide Fund Advisors owned about 0.22% of Corrections Corp. of America worth $6,954,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CXW. Advisory Services Network LLC raised its position in 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 worth $113,000 after acquiring an additional 2,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 worth $118,000 after acquiring an additional 452 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Corrections Corp. of America by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 629 shares during the period. Stevens Capital Management LP acquired a new position in Corrections Corp. of America during the second quarter worth $228,000. Finally, Aberdeen Asset Management PLC UK acquired a new position in Corrections Corp. of America during the second quarter worth $237,000. Institutional investors own 83.20% of the company’s stock.

Corrections Corp. of America (NYSE CXW) traded down $0.01 during trading on Monday, hitting $22.55. 393,500 shares of the stock were exchanged, compared to its average volume of 1,020,615. Corrections Corp. of America has a fifty-two week low of $22.21 and a fifty-two week high of $35.33. The stock has a market capitalization of $2,665.50, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. 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 released 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 business had revenue of $442.80 million during the quarter, compared to analyst estimates of $437.18 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. equities analysts expect that Corrections Corp. of America will post 2.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date is Friday, December 29th. Corrections Corp. of America’s payout ratio is 100.60%.

In other news, Director Thurgood Marshall, Jr. sold 2,360 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 31,083 shares of the company’s stock, valued at $805,049.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Garfinkle sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.01, for a total transaction of $260,100.00. The disclosure for this sale can be found here. Insiders have sold 22,360 shares of company stock valued at $580,224 in the last ninety days. Insiders own 1.30% of the company’s stock.

CXW has been the subject of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $37.00 price objective on shares of Corrections Corp. of America in a research report on Friday, November 10th. Zacks Investment Research cut shares of Corrections Corp. of America from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. TheStreet cut shares of Corrections Corp. of America from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Finally, ValuEngine lowered shares of Corrections Corp. of America from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.50.

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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.

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

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