Corrections Corp. of America (NYSE:CXW) Director Mark A. Emkes bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were purchased at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the director now owns 35,755 shares of the company’s stock, valued at approximately $789,470.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Corrections Corp. of America (NYSE:CXW) opened at 22.27 on Wednesday. Corrections Corp. of America has a one year low of $12.99 and a one year high of $35.05. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 12.65 and a beta of 0.77. The firm has a 50 day moving average of $16.55 and a 200-day moving average of $24.12.

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 Zacks’ 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 firm had revenue of $474.94 million for the quarter, compared to the consensus estimate of $470.39 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Corrections Corp. of America will post $2.60 EPS for the current fiscal year.

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

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A number of brokerages recently issued reports on CXW. Canaccord Genuity decreased their target price on shares of Corrections Corp. of America from $30.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 24th. Zacks Investment Research lowered shares of Corrections Corp. of America from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 11th. SunTrust Banks Inc. upgraded shares of Corrections Corp. of America from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, October 12th. TheStreet lowered shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Wells Fargo & Co. restated a “neutral” rating on shares of Corrections Corp. of America in a research report on Sunday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in CXW. Anson Funds Management LP bought a new position in shares of Corrections Corp. of America during the third quarter worth approximately $7,034,000. Price T Rowe Associates Inc. MD increased its stake in Corrections Corp. of America by 18.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 69,681 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 10,911 shares in the last quarter. LPL Financial LLC acquired a new stake in Corrections Corp. of America during the third quarter valued at approximately $144,000. Credit Suisse AG increased its stake in Corrections Corp. of America by 286.1% in the third quarter. Credit Suisse AG now owns 491,659 shares of the real estate investment trust’s stock valued at $6,820,000 after buying an additional 364,309 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Corrections Corp. of America by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 35,844 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 17,269 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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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