Dimensional Fund Advisors LP Acquires 1,152 Shares of Corrections Corp. of America (CXW)

Dimensional Fund Advisors LP boosted its stake in Corrections Corp. of America (NYSE:CXW) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,787 shares of the real estate investment trust’s stock after acquiring an additional 1,152 shares during the period. Dimensional Fund Advisors LP’s holdings in Corrections Corp. of America were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. World Asset Management Inc boosted its holdings in Corrections Corp. of America by 1.8% in the 1st quarter. World Asset Management Inc now owns 8,756 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 155 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Corrections Corp. of America by 1.4% during the 1st quarter. Capstone Asset Management Co. now owns 12,446 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 170 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Corrections Corp. of America by 1.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,673 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 300 shares in the last quarter. Advantus Capital Management Inc lifted its stake in Corrections Corp. of America by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 15,065 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 456 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. lifted its stake in Corrections Corp. of America by 0.9% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 53,235 shares of the real estate investment trust’s stock valued at $1,673,000 after buying an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Shares of Corrections Corp. of America (NYSE:CXW) opened at 25.53 on Friday. Corrections Corp. of America has a one year low of $12.99 and a one year high of $35.33. The firm has a market capitalization of $3.02 billion, a P/E ratio of 14.21 and a beta of 0.92. The company has a 50-day moving average price of $25.93 and a 200 day moving average price of $29.54.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. The firm had revenue of $436.39 million for the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Analysts expect 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 will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.58%. Corrections Corp. of America’s payout ratio is 93.86%.

In other news, Director Thurgood Marshall, Jr. sold 2,360 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.90, for a total value of $61,124.00. Following the sale, the director now directly owns 31,083 shares in the company, valued at approximately $805,049.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Garfinkle sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $259,000.00. Following the completion of the sale, the chief financial officer now owns 90,114 shares in the company, valued at $2,333,952.60. The disclosure for this sale can be found here. Insiders have sold 17,360 shares of company stock worth $451,474 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

A number of equities research analysts recently issued reports on CXW shares. TheStreet lowered Corrections Corp. of America from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BidaskClub downgraded Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Canaccord Genuity set a $36.00 price objective on Corrections Corp. of America and gave the stock a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.00.

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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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