Corrections Corp. of America EVP Anthony Grande Sells 11,750 Shares (CXW)
Corrections Corp. of America (NYSE:CXW) EVP Anthony Grande unloaded 11,750 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $34.15, for a total transaction of $401,262.50. Following the completion of the sale, the executive vice president now directly owns 95,737 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
CXW has been the subject of a number of recent research reports. Analysts at SunTrust reiterated a “reduce” rating on shares of Corrections Corp. of America (NYSE:CXW) in a research note to investors on Thursday, September 12th. They now have a $1.00 price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Corrections Corp. of America (NYSE:CXW) in a research note to investors on Friday, August 23rd. They now have a $45.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Corrections Corp. of America (NYSE:CXW) in a research note to investors on Wednesday, July 10th. They now have a $45.00 price target on the stock.
Shares of Corrections Corp. of America (NYSE:CXW) traded down 0.09% during mid-day trading on Thursday, hitting $35.01. The stock had a trading volume of 941,537 shares. Corrections Corp. of America has a one year low of $30.84 and a one year high of $41.40. The stock’s 50-day moving average is $33.53 and its 200-day moving average is $35.44. The company has a market cap of $4.051 billion and a price-to-earnings ratio of 12.51.
Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Wednesday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $433.98 million for the quarter, compared to the consensus estimate of $431.55 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Corrections Corp. of America will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Monday, September 30th.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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