Nisa Investment Advisors LLC increased its position in shares of Corrections Corp. of America (NYSE:CXW) by 190.0% during the second quarter, Holdings Channel reports. The institutional investor owned 15,875 shares of the real estate investment trust’s stock after buying an additional 10,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Corrections Corp. of America were worth $438,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. LS Investment Advisors LLC increased its stake in shares of 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 worth $251,000 after buying an additional 1,294 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Corrections Corp. of America by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,956 shares of the real estate investment trust’s stock worth $1,185,000 after buying an additional 1,824 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Corrections Corp. of America by 677.6% in the second quarter. James Investment Research Inc. now owns 57,978 shares of the real estate investment trust’s stock worth $1,599,000 after buying an additional 50,522 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Corrections Corp. of America by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 57,580 shares of the real estate investment trust’s stock worth $1,587,000 after buying an additional 1,140 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Corrections Corp. of America during the second quarter worth $173,000. 89.46% of the stock is currently owned by institutional investors and hedge funds.

Corrections Corp. of America (NYSE CXW) traded up 1.93% on Friday, hitting $25.89. 416,552 shares of the company’s stock traded hands. The stock has a market cap of $3.06 billion, a P/E ratio of 14.41 and a beta of 0.92. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The stock has a 50 day moving average price of $27.65 and a 200-day moving average price of $30.67.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.23. The company had revenue of $436.39 million during the quarter, compared to analysts’ expectations of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. Corrections Corp. of America’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. Equities analysts predict that Corrections Corp. of America will post $1.54 earnings per share for the current fiscal year.

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Several research analysts have commented on CXW shares. 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 note on Tuesday. Zacks Investment Research downgraded shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Monday. Canaccord Genuity set a $36.00 price target on shares of Corrections Corp. of America and gave the stock a “buy” rating in a research note on Monday. BidaskClub downgraded shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.25.

In other news, EVP Lucibeth Mayberry sold 6,236 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $30.41, for a total value of $189,636.76. Following the completion of the sale, the executive vice president now directly owns 51,851 shares in the company, valued at $1,576,788.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony L. Grande sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $33.86, for a total value of $778,780.00. Following the completion of the sale, the executive vice president now owns 39,510 shares of the company’s stock, valued at $1,337,808.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,236 shares of company stock valued at $1,121,117. 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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