Corrections Corp. of America (NYSE:CXW)‘s stock had its “buy” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a report released on Monday. They currently have a $37.00 target price on the real estate investment trust’s stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 42.58% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub lowered shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.25.

Corrections Corp. of America (CXW) opened at 25.95 on Monday. Corrections Corp. of America has a 52 week low of $12.99 and a 52 week high of $35.33. The firm’s 50 day moving average price is $25.81 and its 200-day moving average price is $29.09. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 14.44 and a beta of 0.92.

Corrections Corp. of America (NYSE:CXW) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.23. The firm had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. Analysts expect that Corrections Corp. of America will post $1.52 EPS for the current year.

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In other news, Director Thurgood Marshall, Jr. sold 2,360 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.90, for a total value of $61,124.00. Following the transaction, the director now owns 31,083 shares in the company, valued at approximately $805,049.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kim White sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $26.27, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 17,360 shares of company stock valued at $451,474 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC grew 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 valued at $113,000 after purchasing an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Corrections Corp. of America in the 1st quarter valued at approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Corrections Corp. of America by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 452 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Corrections Corp. of America in the 1st quarter valued at approximately $123,000. Finally, Harbour Capital Advisors LLC acquired a new position in Corrections Corp. of America in the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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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