Corrections Corp Of America (CXW) : Spirit Of America Management Corpny added new position in Corrections Corp Of America during the most recent quarter end. The investment management firm now holds 10,300 shares of Corrections Corp Of America which is valued at $146,466 , the company said in a statement filed on Oct 14, 2016 with the SEC.Corrections Corp Of America makes up approximately 0.02% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. added CXW to its portfolio by purchasing 69,300 company shares during the most recent quarter which is valued at $928,620. Corrections Corp Of America makes up approx 0.56% of Fox Run Management L.l.c.’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in CXW by selling 14,031 shares or 25.72% in the most recent quarter. The Hedge Fund company now holds 40,532 shares of CXW which is valued at $545,155. Corrections Corp Of America makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in CXW in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 602 shares of Corrections Corp Of America which is valued at $8,097. Ct Mason sold out all of its stake in CXW during the most recent quarter. The investment firm sold 160,985 shares of CXW which is valued $2,215,154.Harbour Capital Advisors reduced its stake in CXW by selling 500 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 11,650 shares of CXW which is valued at $160,304. Corrections Corp Of America makes up approx 0.09% of Harbour Capital Advisors’s portfolio.
Corrections Corp Of America closed down -0.01 points or -0.07% at $14.22 with 14,60,088 shares getting traded on Friday. Post opening the session at $14.35, the shares hit an intraday low of $14.17 and an intraday high of $14.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Corrections Corp Of America reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.65. The company had revenue of $463.30 million for the quarter, compared to analysts expectations of $462.24 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Corrections Corp Of America. SunTrust Upgraded Corrections Corp Of America on Oct 12, 2016 to ” Buy”, Price Target of the shares are set at $20.Shares were Reiterated by SunTrust on Sep 1, 2016 to “Neutral” and Lowered the Price Target to $ 20 from a previous price target of $34 .Shares were Reiterated by Canaccord Genuity on Aug 24, 2016 to “Hold” and Lowered the Price Target to $ 21 from a previous price target of $30 .
Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company is engaged in owning operating and managing prisons and other correctional facilities and providing residential community re-entry and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services the Companys facilities offer a variety of rehabilitation and educational programs including basic education faith-based services life skills and employment training and substance abuse treatment. It also provides or makes available to offenders certain health care (including medical dental and mental health services) food services and work and recreational programs. The Companys customers consist of federal state and local correctional and detention authorities. The Company also provides transportation services to governmental agencies through its wholly owned TRS TransCor America LLC (TransCor).