Corrections Corp. of America (NYSE:CXW) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 1,187 put options on the company. This is an increase of Infinity compared to the average volume of 0 put options.

In other Corrections Corp. of America news, CFO David Garfinkle sold 10,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $259,000.00. Following the transaction, the chief financial officer now directly owns 90,114 shares of the company’s stock, valued at $2,333,952.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thurgood Marshall, Jr. sold 2,360 shares of the 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 transaction, the director now directly owns 31,083 shares in the company, 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 three months. 1.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CXW. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Corrections Corp. of America in the third quarter valued at about $34,152,000. Daiwa Securities Group Inc. raised its position in shares of Corrections Corp. of America by 43.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,865,032 shares of the real estate investment trust’s stock valued at $106,598,000 after buying an additional 1,170,205 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Corrections Corp. of America in the second quarter valued at about $20,652,000. Russell Investments Group Ltd. raised its position in shares of Corrections Corp. of America by 166.4% in the second quarter. Russell Investments Group Ltd. now owns 928,651 shares of the real estate investment trust’s stock valued at $25,613,000 after buying an additional 580,109 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Corrections Corp. of America by 2.4% in the second quarter. Vanguard Group Inc. now owns 19,273,935 shares of the real estate investment trust’s stock valued at $531,576,000 after buying an additional 459,903 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

Shares of Corrections Corp. of America (NYSE:CXW) opened at $23.21 on Monday. The company has a market cap of $2,743.52, a PE ratio of 9.32, a PEG ratio of 1.66 and a beta of 0.91. 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 has a 12-month low of $19.97 and a 12-month high of $35.33.

Corrections Corp. of America (NYSE:CXW) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $442.80 million during the quarter, compared to analysts’ expectations of $437.18 million. Corrections Corp. of America had a net margin of 11.03% and a return on equity of 13.54%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. sell-side analysts anticipate that Corrections Corp. of America will post 2.33 EPS for the current fiscal year.

CXW has been the topic of several recent analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $37.00 price objective on shares of Corrections Corp. of America in a report on Friday, November 10th. Zacks Investment Research raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, August 4th. TheStreet downgraded shares of Corrections Corp. of America from a “b-” rating to a “c+” rating in a report on Monday, August 21st. ValuEngine downgraded shares of Corrections Corp. of America from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Canaccord Genuity set a $36.00 price objective on shares of Corrections Corp. of America and gave the company a “buy” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.25.

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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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