Corrections Corp. of America (NYSE:CXW) saw unusually large options trading activity on Friday. Traders purchased 10,027 put options on the stock. This represents an increase of approximately 1,764% compared to the average volume of 538 put options.

In other news, EVP Lucibeth Mayberry sold 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $30.54, for a total transaction of $152,700.00. Following the transaction, the executive vice president now owns 45,615 shares in the company, valued at approximately $1,393,082.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 23,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $33.86, for a total transaction of $778,780.00. Following the transaction, the executive vice president now owns 39,510 shares in the company, valued at approximately $1,337,808.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,236 shares of company stock worth $1,121,117. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. BlackRock Inc. raised its position in shares of 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 during the last quarter. FMR LLC raised its position in shares of 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 during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Corrections Corp. of America by 43.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,865,032 shares of the real estate investment trust’s stock valued at $106,598,000 after buying an additional 1,170,205 shares during the last quarter. Finally, State Street Corp bought a new position in shares of Corrections Corp. of America during the first quarter valued at $100,342,000. 89.46% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on CXW shares. Zacks Investment Research upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, April 20th. Canaccord Genuity set a $36.00 price objective on shares of Corrections Corp. of America and gave the stock a “buy” rating in a report on Friday, May 19th. Deutsche Bank AG boosted their price objective 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. ValuEngine upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Corrections Corp. of America presently has an average rating of “Buy” and a consensus target price of $31.50.

Shares of Corrections Corp. of America (CXW) opened at 27.20 on Monday. The stock’s 50 day moving average is $28.12 and its 200 day moving average is $30.81. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.32 and a beta of 0.92.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.18%. The ex-dividend date was Thursday, June 29th. Corrections Corp. of America’s payout ratio is presently 88.42%.

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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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