Tudor Investment Corp ET AL decreased its holdings in shares of Corrections Corp. of America (NYSE:CXW) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,791 shares of the real estate investment trust’s stock after selling 17,170 shares during the period. Tudor Investment Corp ET AL’s holdings in Corrections Corp. of America were worth $932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Corrections Corp. of America in the first quarter valued at about $116,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Corrections Corp. of America in the first quarter valued at about $123,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Corrections Corp. of America by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 452 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Corrections Corp. of America in the first quarter valued at about $162,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Corrections Corp. of America in the first quarter valued at about $182,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Several brokerages have recently commented on CXW. Zacks Investment Research upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, August 4th. ValuEngine upgraded shares of Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. BidaskClub downgraded shares of Corrections Corp. of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Deutsche Bank AG lowered their target price on shares of Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $37.00 target price on shares of Corrections Corp. of America in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.25.

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In other Corrections Corp. of America news, Director Mark A. Emkes purchased 5,000 shares of Corrections Corp. of America stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $25.62 per share, with a total value of $128,100.00. Following the transaction, the director now directly owns 44,426 shares of the company’s stock, valued at $1,138,194.12. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thurgood Marshall, Jr. sold 2,360 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $61,124.00. Following the sale, the director now directly owns 31,083 shares of the company’s stock, valued at approximately $805,049.70. The disclosure for this sale can be found here. In the last three months, insiders sold 17,360 shares of company stock valued at $451,474. 1.30% of the stock is owned by insiders.

Shares of Corrections Corp. of America (NYSE:CXW) opened at 26.19 on Friday. The stock has a market cap of $3.10 billion, a P/E ratio of 14.57 and a beta of 0.92. Corrections Corp. of America has a 12-month low of $12.99 and a 12-month high of $35.33. The company’s 50-day moving average is $25.84 and its 200-day moving average is $29.04.

Corrections Corp. of America (NYSE:CXW) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.23. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The business had revenue of $436.39 million during the quarter, compared to analyst estimates of $437.92 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Corrections Corp. of America’s revenue was down 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Corrections Corp. of America will post $1.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date is Friday, September 29th. Corrections Corp. of America’s dividend payout ratio (DPR) is 93.86%.

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

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