Chicago Equity Partners LLC reduced its position in shares of Corrections Corp. of America (NYSE:CXW) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,300 shares of the real estate investment trust’s stock after selling 8,070 shares during the period. Chicago Equity Partners LLC’s holdings in Corrections Corp. of America were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc lifted its position in shares of Corrections Corp. of America by 1.8% during the 1st quarter. World Asset Management Inc now owns 8,756 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 155 shares during the last quarter. Capstone Asset Management Co. lifted its position in shares of Corrections Corp. of America by 1.4% during the 1st quarter. Capstone Asset Management Co. now owns 12,446 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 170 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Corrections Corp. of America by 1.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,673 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 300 shares during the last quarter. Steinberg Global Asset Management lifted its position in shares of Corrections Corp. of America by 1.6% during the 2nd quarter. Steinberg Global Asset Management now owns 23,158 shares of the real estate investment trust’s stock worth $639,000 after purchasing an additional 369 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Corrections Corp. of America by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 152,315 shares of the real estate investment trust’s stock worth $4,201,000 after purchasing an additional 406 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Corrections Corp. of America (NYSE:CXW) opened at 26.88 on Friday. The firm has a 50-day moving average of $26.34 and a 200-day moving average of $30.02. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 14.96 and a beta of 0.92. Corrections Corp. of America has a 1-year low of $12.99 and a 1-year high of $35.33.

Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating 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 net margin of 11.62% and a return on equity of 14.54%. Corrections Corp. of America’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. On average, analysts expect that Corrections Corp. of America will post $1.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.42 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.68 annualized dividend and a yield of 6.25%. Corrections Corp. of America’s dividend payout ratio is presently 93.86%.

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In related news, EVP Kim White sold 5,000 shares of Corrections Corp. of America 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 sale, the executive vice president now directly owns 22,393 shares in the company, valued at approximately $588,264.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

CXW has been the subject of several recent analyst reports. Deutsche Bank AG lifted their price objective on shares of Corrections Corp. of America from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Canaccord Genuity set a $36.00 price target on shares of Corrections Corp. of America and gave the company a “buy” rating in a research report on Friday, May 19th. Zacks Investment Research cut shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. BidaskClub cut shares of Corrections Corp. of America from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, ValuEngine raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Corrections Corp. of America presently has an average rating of “Buy” and an average price target of $30.25.

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.

Institutional Ownership by Quarter for Corrections Corp. of America (NYSE:CXW)

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