Corrections Corp. of America (NYSE:CXW) CFO David Garfinkle sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.01, for a total value of $260,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

David Garfinkle also recently made the following trade(s):

  • On Friday, September 15th, David Garfinkle sold 10,000 shares of Corrections Corp. of America stock. The shares were sold at an average price of $25.90, for a total value of $259,000.00.

Corrections Corp. of America (NYSE:CXW) traded up 3.42% during trading on Tuesday, reaching $26.60. The company had a trading volume of 1,878,770 shares. Corrections Corp. of America has a 52-week low of $12.99 and a 52-week high of $35.33. The stock has a 50 day moving average price of $26.08 and a 200-day moving average price of $28.74. The company has a market capitalization of $3.14 billion, a PE ratio of 14.80 and a beta of 0.92.

Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The firm had revenue of $436.39 million for the quarter, compared to analyst estimates of $437.92 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Corrections Corp. of America will post $1.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a $0.42 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.32%. Corrections Corp. of America’s dividend payout ratio is currently 93.86%.

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Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC lifted its holdings in Corrections Corp. of America by 115.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Corrections Corp. of America in the 1st quarter worth $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Corrections Corp. of America by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 452 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Corrections Corp. of America in the 1st quarter worth $123,000. Finally, Harbour Capital Advisors LLC acquired a new position in Corrections Corp. of America in the 1st quarter worth $162,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.

Several research firms recently commented on CXW. Zacks Investment Research lowered Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $37.00 target price on shares of Corrections Corp. of America in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

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.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

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