Corrections Corp. of America (NYSE:CXW) has been given a $36.00 price objective by research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity’s target price would indicate a potential upside of 38.67% from the stock’s current price.

A number of other brokerages also recently weighed in on CXW. Zacks Investment Research upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, April 20th. Deutsche Bank AG boosted their target price on shares of Corrections Corp. of America from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, BidaskClub downgraded shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.50.

Corrections Corp. of America (NYSE CXW) traded down 4.56% on Monday, reaching $25.96. 1,573,561 shares of the company were exchanged. The firm has a market capitalization of $3.07 billion, a PE ratio of 13.66 and a beta of 0.92. The stock has a 50 day moving average of $28.12 and a 200 day moving average of $30.81. Corrections Corp. of America has a 12-month low of $12.99 and a 12-month high of $35.33. Corrections Corp. of America also was the target of unusually large options trading activity on Friday. Stock investors acquired 10,027 put options on the company. This represents an increase of 1,764% compared to the typical daily volume of 538 put options.

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In other Corrections Corp. of America news, EVP Lucibeth Mayberry sold 5,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $30.54, for a total value of $152,700.00. Following the transaction, the executive vice president now directly owns 45,615 shares in the company, valued at $1,393,082.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony L. Grande sold 23,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $33.86, for a total transaction of $778,780.00. Following the completion of the transaction, the executive vice president now owns 39,510 shares in the company, valued at $1,337,808.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,236 shares of company stock worth $1,121,117. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Corrections Corp. of America by 1.6% in the first quarter. Vanguard Group Inc. now owns 18,814,032 shares of the real estate investment trust’s stock valued at $591,136,000 after buying an additional 293,923 shares in the last quarter. BlackRock Inc. increased its position in Corrections Corp. of America by 13,997.1% in the first quarter. BlackRock Inc. now owns 10,765,267 shares of the real estate investment trust’s stock valued at $338,241,000 after buying an additional 10,688,902 shares in the last quarter. FMR LLC increased its position in Corrections Corp. of America by 108.8% in the first quarter. FMR LLC now owns 7,127,278 shares of the real estate investment trust’s stock valued at $223,939,000 after buying an additional 3,713,585 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Corrections Corp. of America by 0.9% in the third quarter. Epoch Investment Partners Inc. now owns 6,445,518 shares of the real estate investment trust’s stock valued at $89,400,000 after buying an additional 59,077 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Corrections Corp. of America by 17.9% in the fourth quarter. American Century Companies Inc. now owns 5,122,105 shares of the real estate investment trust’s stock valued at $135,685,000 after buying an additional 776,387 shares in the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.

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.

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