Corrections Corp. of America EVP Sells $400,205 in Stock (CXW)
Corrections Corp. of America (NYSE:CXW) EVP Anthony L. Grande unloaded 11,750 shares of Corrections Corp. of America stock on the open market in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $34.06, for a total transaction of $400,205.00. Following the transaction, the executive vice president now directly owns 95,737 shares in the company, valued at approximately $3,260,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Corrections Corp. of America (NYSE:CXW) traded up 0.21% during mid-day trading on Tuesday, hitting $34.19. 588,949 shares of the company’s stock traded hands. Corrections Corp. of America has a one year low of $31.10 and a one year high of $41.40. The stock has a 50-day moving average of $33.10 and a 200-day moving average of $34.10. The company has a market cap of $3.961 billion and a price-to-earnings ratio of 12.26.
Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.46. The company had revenue of $421.50 million for the quarter, compared to the consensus estimate of $432.07 million. During the same quarter last year, the company posted $0.43 earnings per share. Corrections Corp. of America’s revenue was down 3.3% compared to the same quarter last year. On average, analysts predict that Corrections Corp. of America will post $1.88 earnings per share for the current fiscal year.
Separately, analysts at Avondale Partners downgraded shares of Corrections Corp. of America from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 22nd. They now have a $36.00 price target on the stock, down previously from $38.00.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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