SG Americas Securities LLC boosted its holdings in Corrections Corp. of America (NYSE:CXW) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,376 shares of the real estate investment trust’s stock after purchasing an additional 11,852 shares during the period. SG Americas Securities LLC’s holdings in Corrections Corp. of America were worth $1,001,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Corrections Corp. of America by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,243 shares of the real estate investment trust’s stock valued at $476,000 after buying an additional 55 shares during the last quarter. 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 valued at $4,201,000 after buying an additional 406 shares during the last quarter. Capstone Asset Management Co. lifted its position in shares of Corrections Corp. of America by 3.5% during the 2nd quarter. Capstone Asset Management Co. now owns 12,876 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 430 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Corrections Corp. of America by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 452 shares during the last quarter. Finally, NGAM Advisors L.P. lifted its position in shares of Corrections Corp. of America by 1.9% during the 2nd quarter. NGAM Advisors L.P. now owns 25,393 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 473 shares during the last quarter. 83.15% of the stock is currently owned by institutional investors and hedge funds.

Corrections Corp. of America (NYSE:CXW) opened at $23.21 on Friday. The firm has a market capitalization of $2,743.51, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. Corrections Corp. of America has a one year low of $22.67 and a one year high of $35.33.

Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $442.80 million for the quarter, compared to analyst estimates of $437.18 million. Corrections Corp. of America had a return on equity of 13.54% and a net margin of 11.03%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. equities analysts predict that Corrections Corp. of America will post 2.34 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, August 15th. ValuEngine raised Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. SunTrust Banks reissued a “buy” rating and set a $37.00 price objective on shares of Corrections Corp. of America in a report on Friday, November 10th. Finally, Deutsche Bank dropped their price objective on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.25.

In other news, Director Thurgood Marshall, Jr. sold 2,360 shares of the 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 transaction, the director now directly owns 31,083 shares in the company, valued at approximately $805,049.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Garfinkle sold 10,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.01, for a total value of $260,100.00. The disclosure for this sale can be found here. Insiders sold a total of 22,360 shares of company stock worth $580,224 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

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Corrections Corp. of America Profile

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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