Nisa Investment Advisors LLC Has $438,000 Position in Corrections Corp. of America (NYSE:CXW)

Nisa Investment Advisors LLC boosted its position in shares of Corrections Corp. of America (NYSE:CXW) by 190.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,875 shares of the real estate investment trust’s stock after buying an additional 10,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Corrections Corp. of America were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CXW. LS Investment Advisors LLC increased its position in shares of Corrections Corp. of America by 16.6% in the second quarter. LS Investment Advisors LLC now owns 9,109 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 1,294 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Corrections Corp. of America by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,956 shares of the real estate investment trust’s stock valued at $1,185,000 after buying an additional 1,824 shares during the last quarter. James Investment Research Inc. increased its stake in shares of Corrections Corp. of America by 677.6% in the second quarter. James Investment Research Inc. now owns 57,978 shares of the real estate investment trust’s stock valued at $1,599,000 after buying an additional 50,522 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Corrections Corp. of America by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 57,580 shares of the real estate investment trust’s stock valued at $1,587,000 after buying an additional 1,140 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Corrections Corp. of America during the second quarter valued at approximately $173,000. 89.46% of the stock is owned by institutional investors.

Shares of Corrections Corp. of America (NYSE:CXW) traded up 1.93% during mid-day trading on Friday, hitting $25.89. 416,552 shares of the company traded hands. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.41 and a beta of 0.92. Corrections Corp. of America has a one year low of $12.99 and a one year high of $35.33. The firm has a 50-day moving average of $27.65 and a 200-day moving average of $30.67.

Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. The business 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%. Corrections Corp. of America’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. On average, equities analysts predict that Corrections Corp. of America will post $1.54 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/11/nisa-investment-advisors-llc-has-438000-position-in-corrections-corp-of-america-nysecxw.html.

Several analysts recently commented on the stock. Deutsche Bank AG reduced their target price on shares of Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research downgraded shares of Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Monday. Canaccord Genuity set a $36.00 target price on shares of Corrections Corp. of America and gave the stock a “buy” rating in a report on Monday. BidaskClub downgraded shares of Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Corrections Corp. of America currently has a consensus rating of “Hold” and a consensus price target of $30.25.

In related news, EVP Lucibeth Mayberry sold 6,236 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $30.41, for a total value of $189,636.76. Following the sale, the executive vice president now directly owns 51,851 shares of the company’s stock, valued at $1,576,788.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony L. Grande sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $33.86, for a total transaction of $778,780.00. Following the completion of the sale, the executive vice president now directly owns 39,510 shares in the company, valued at $1,337,808.60. The disclosure for this sale can be found here. Insiders sold 34,236 shares of company stock worth $1,121,117 over the last ninety days. 1.30% of the stock is currently owned by 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)

What are top analysts saying about Corrections Corp. of America? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Corrections Corp. of America and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit