Teachers Advisors LLC reduced its position in shares of Corrections Corp. of America (NYSE:CXW) by 32.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,216 shares of the real estate investment trust’s stock after selling 104,284 shares during the period. Teachers Advisors LLC owned approximately 0.18% of Corrections Corp. of America worth $5,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in Corrections Corp. of America by 1.8% during the second quarter. Arizona State Retirement System now owns 49,800 shares of the real estate investment trust’s stock worth $1,373,000 after purchasing an additional 900 shares in the last quarter. State Street Corp purchased a new position in Corrections Corp. of America during the first quarter worth about $100,342,000. Morgan Stanley raised its holdings in Corrections Corp. of America by 78.6% during the first quarter. Morgan Stanley now owns 751,496 shares of the real estate investment trust’s stock worth $23,612,000 after purchasing an additional 330,634 shares in the last quarter. BlackRock Inc. raised its holdings in Corrections Corp. of America by 13,997.1% during the first quarter. BlackRock Inc. now owns 10,765,267 shares of the real estate investment trust’s stock worth $338,241,000 after purchasing an additional 10,688,902 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Corrections Corp. of America by 2.5% during the second quarter. Acadian Asset Management LLC now owns 2,306,883 shares of the real estate investment trust’s stock worth $63,624,000 after purchasing an additional 56,639 shares in the last quarter. 86.17% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Corrections Corp. of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised shares of Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Corrections Corp. of America has an average rating of “Buy” and an average price target of $34.25.

COPYRIGHT VIOLATION NOTICE: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/09/teachers-advisors-llc-has-5-94-million-position-in-corrections-corp-of-america-cxw.html.

Corrections Corp. of America (NYSE CXW) opened at 25.67 on Monday. The firm’s 50-day moving average is $25.87 and its 200 day moving average is $28.99. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 14.28 and a beta of 0.92.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The company had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. During the same period 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. Equities analysts predict that Corrections Corp. of America will post $1.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.54%. Corrections Corp. of America’s dividend payout ratio (DPR) is 93.86%.

In other Corrections Corp. of America news, CFO David Garfinkle sold 10,000 shares of the business’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 $259,000.00. Following the sale, the chief financial officer now directly owns 90,114 shares in the company, valued at approximately $2,333,952.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thurgood Marshall, Jr. sold 2,360 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.90, for a total transaction of $61,124.00. Following the sale, the director now owns 31,083 shares in the company, valued at $805,049.70. The disclosure for this sale can be found here. Insiders have sold a total of 17,360 shares of company stock worth $451,474 over the last 90 days. 1.30% of the stock is owned by insiders.

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)

Receive News & Stock Ratings for Corrections Corp. of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corrections Corp. of America and related stocks with our FREE daily email newsletter.