Corrections Corp. of America (NYSE:CXW) Director Mark A. Emkes acquired 10,000 shares of Corrections Corp. of America stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $14.12 per share, with a total value of $141,200.00. Following the completion of the purchase, the director now owns 30,755 shares of the company’s stock, valued at $434,260.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Corrections Corp. of America (NYSE:CXW) opened at 20.31 on Thursday. The stock has a market capitalization of $2.39 billion, a PE ratio of 11.81 and a beta of 0.77. The firm has a 50 day moving average of $14.38 and a 200-day moving average of $25.18. Corrections Corp. of America has a 52 week low of $12.99 and a 52 week high of $35.05.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. Corrections Corp. of America had a net margin of 11.34% and a return on equity of 14.55%. The business earned $474.94 million during the quarter, compared to analysts’ expectations of $470.39 million. During the same period in the previous year, the business posted $0.64 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Corrections Corp. of America will post $2.59 EPS for the current year.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

A number of hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Corrections Corp. of America by 416.7% in the second quarter. Creative Planning now owns 3,100 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 2,500 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Corrections Corp. of America during the second quarter valued at about $123,000. Advisor Group Inc. purchased a new position in Corrections Corp. of America during the second quarter valued at about $138,000. Daiwa Securities Group Inc. boosted its position in Corrections Corp. of America by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,335 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Corrections Corp. of America by 208.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,173 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 3,496 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

Several research firms recently weighed in on CXW. Wells Fargo & Co. reaffirmed a “neutral” rating on shares of Corrections Corp. of America in a research note on Sunday, August 21st. SunTrust Banks Inc. cut their target price on shares of Corrections Corp. of America from $34.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, September 1st. Canaccord Genuity cut their target price on shares of Corrections Corp. of America from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, August 5th. TheStreet cut shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Zacks Investment Research raised shares of Corrections Corp. of America from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Corrections Corp. of America has a consensus rating of “Hold” and a consensus price target of $24.67.

Corrections Corp. of America Company Profile

Corrections Corporation of America is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. The Company’s facilities offer a range of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment.

5 Day Chart for NYSE:CXW

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