Corrections Corp. of America (NYSE:CXW) had its target price decreased by research analysts at Deutsche Bank AG from $40.00 to $35.00 in a report released on Tuesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank AG’s price target suggests a potential upside of 34.82% from the company’s current price.

A number of other research analysts have also issued reports on the company. BidaskClub lowered Corrections Corp. of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Canaccord Genuity set a $36.00 target price on Corrections Corp. of America and gave the company a “buy” rating in a report on Monday. Zacks Investment Research lowered Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Monday. Finally, ValuEngine upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Corrections Corp. of America currently has an average rating of “Hold” and a consensus target price of $30.25.

Shares of Corrections Corp. of America (NYSE:CXW) traded down 4.58% during midday trading on Tuesday, hitting $24.77. The company’s stock had a trading volume of 330,196 shares. The firm has a 50-day moving average of $28.12 and a 200 day moving average of $30.81. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 13.04 and a beta of 0.92. Corrections Corp. of America has a 12-month low of $12.99 and a 12-month high of $35.33.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.36 by $0.23. Corrections Corp. of America had a return on equity of 15.42% and a net margin of 12.10%. The business had revenue of $436.39 million during the quarter, compared to analyst estimates of $437.92 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts predict that Corrections Corp. of America will post $1.53 EPS for the current fiscal year.

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In other Corrections Corp. of America news, EVP Lucibeth Mayberry sold 6,236 shares of Corrections Corp. of America stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $30.41, for a total transaction of $189,636.76. Following the completion of the sale, the executive vice president now directly owns 51,851 shares of the company’s stock, valued at approximately $1,576,788.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony L. Grande sold 23,000 shares of Corrections Corp. of America stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $33.86, for a total value of $778,780.00. Following the sale, the executive vice president now directly owns 39,510 shares of the company’s stock, valued at $1,337,808.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,236 shares of company stock valued at $1,121,117 over the last ninety days. 1.30% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in CXW. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Corrections Corp. of America during the second quarter worth about $8,096,000. Twin Capital Management Inc. boosted its stake in Corrections Corp. of America by 17.5% in the second quarter. Twin Capital Management Inc. now owns 50,030 shares of the real estate investment trust’s stock worth $1,380,000 after buying an additional 7,450 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Corrections Corp. of America by 8.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 227,822 shares of the real estate investment trust’s stock worth $6,283,000 after buying an additional 18,370 shares during the period. Blair William & Co. IL purchased a new stake in Corrections Corp. of America during the second quarter worth approximately $756,000. Finally, Comerica Bank boosted its stake in Corrections Corp. of America by 1.1% in the second quarter. Comerica Bank now owns 93,629 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 1,036 shares during the period. 89.46% of the stock is owned by institutional investors.

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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