Timber Hill LLC Acquires 7,146 Shares of Corrections Corp. of America (CXW)

Timber Hill LLC boosted its holdings in Corrections Corp. of America (NYSE:CXW) by 48.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,819 shares of the real estate investment trust’s stock after buying an additional 7,146 shares during the quarter. Timber Hill LLC’s holdings in Corrections Corp. of America were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CXW. Advisory Services Network LLC grew its position in Corrections Corp. of America by 115.0% in the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Corrections Corp. of America by 11.9% in the second 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 during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Corrections Corp. of America in the second quarter worth approximately $173,000. Parametrica Management Ltd acquired a new position in Corrections Corp. of America in the second quarter worth approximately $201,000. Finally, Stevens Capital Management LP acquired a new position in Corrections Corp. of America in the second quarter worth approximately $228,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.

Corrections Corp. of America (NYSE:CXW) traded up $0.25 during trading on Thursday, reaching $23.17. 1,255,100 shares of the company were exchanged, compared to its average volume of 1,045,204. Corrections Corp. of America has a 1 year low of $19.79 and a 1 year high of $35.33. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2,709.24, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

Corrections Corp. of America (NYSE:CXW) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $442.80 million during the quarter, compared to analyst estimates of $437.18 million. Corrections Corp. of America had a net margin of 11.03% and a return on equity of 13.54%. The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. equities analysts expect that Corrections Corp. of America will post 2.33 earnings per share for the current year.

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A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, August 4th. TheStreet lowered shares of Corrections Corp. of America from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Corrections Corp. of America in a research note on Friday, November 10th. ValuEngine lowered shares of Corrections Corp. of America from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Canaccord Genuity set a $36.00 price objective on shares of Corrections Corp. of America and gave the stock a “buy” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $34.25.

In other Corrections Corp. of America news, Director Thurgood Marshall, Jr. sold 2,360 shares of Corrections Corp. of America stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.90, for a total transaction of $61,124.00. Following the completion of the sale, the director now owns 31,083 shares of the company’s stock, valued at approximately $805,049.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Garfinkle sold 10,000 shares of Corrections Corp. of America stock in a transaction 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 sale, the chief financial officer now directly owns 90,114 shares of the company’s stock, valued at approximately $2,333,952.60. The disclosure for this sale can be found here. Insiders have sold a total of 22,360 shares of company stock valued at $580,224 in the last three months. Company insiders own 1.30% of the company’s stock.

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.

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

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