6,280 Shares in Corrections Corp. of America (NYSE:CXW) Acquired by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. purchased a new stake in Corrections Corp. of America (NYSE:CXW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,280 shares of the real estate investment trust’s stock, valued at approximately $173,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CXW. 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 worth $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 worth $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 worth $223,939,000 after buying an additional 3,713,585 shares in the last quarter. State Street Corp purchased a new position in Corrections Corp. of America during the first quarter worth approximately $100,342,000. Finally, Daiwa Securities Group Inc. increased its position in Corrections Corp. of America by 39,326.9% in the first quarter. Daiwa Securities Group Inc. now owns 2,694,827 shares of the real estate investment trust’s stock worth $84,671,000 after buying an additional 2,687,992 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.

Shares of Corrections Corp. of America (NYSE:CXW) traded down 0.69% during mid-day trading on Friday, reaching $24.42. The company had a trading volume of 629,539 shares. Corrections Corp. of America has a 1-year low of $12.99 and a 1-year high of $35.33. The company has a market capitalization of $2.89 billion, a PE ratio of 13.59 and a beta of 0.92. The stock’s 50-day moving average price is $27.18 and its 200 day moving average price is $30.50.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.23. The company had revenue of $436.39 million for the quarter, compared to analyst estimates of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities analysts expect that Corrections Corp. of America will post $1.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Friday, September 29th. Corrections Corp. of America’s dividend payout ratio (DPR) is currently 93.86%.

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A number of research firms have recently commented on CXW. Zacks Investment Research downgraded Corrections Corp. of America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and set a $34.00 target price on shares of Corrections Corp. of America in a research report on Wednesday, May 3rd. ValuEngine upgraded Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a research report on Friday. BidaskClub downgraded Corrections Corp. of America from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG lowered their target price on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Corrections Corp. of America currently has an average rating of “Buy” and a consensus target price of $30.00.

In other Corrections Corp. of America news, EVP Kim White sold 5,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $26.27, for a total transaction of $131,350.00. Following the transaction, the executive vice president now owns 22,393 shares of the company’s stock, valued at $588,264.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lucibeth Mayberry sold 6,236 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $30.41, for a total value of $189,636.76. Following the transaction, the executive vice president now directly owns 51,851 shares in the company, valued at approximately $1,576,788.91. The disclosure for this sale can be found here. Insiders have sold 16,236 shares of company stock worth $473,687 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Corrections Corp. of America Company Profile

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.

Institutional Ownership by Quarter for Corrections Corp. of America (NYSE:CXW)

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