Insider Selling: Corrections Corp Of America EVP Sells 15,000 Shares of Stock (CXW)
Corrections Corp Of America (NYSE:CXW) EVP Anthony L. Grande sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $35.66, for a total value of $534,900.00. Following the completion of the transaction, the executive vice president now directly owns 101,760 shares of the company’s stock, valued at approximately $3,628,762. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Corrections Corp Of America (NYSE:CXW) traded up 0.45% on Monday, hitting $35.64. The stock had a trading volume of 437,502 shares. Corrections Corp Of America has a 52-week low of $30.37 and a 52-week high of $38.13. The stock has a 50-day moving average of $33.47 and a 200-day moving average of $32.87. The company has a market cap of $4.150 billion and a price-to-earnings ratio of 20.15.
Corrections Corp Of America (NYSE:CXW) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.03. The company had revenue of $410.69 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter last year, the company posted $0.52 earnings per share. Corrections Corp Of America’s revenue was down 3.4% 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.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Tuesday, September 30th.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.