Breton Hill Capital Ltd. buys $8,087,771 stake in Corrections Corp Of America (CXW)

Corrections Corp Of America (CXW) : Breton Hill Capital Ltd. scooped up 21,636 additional shares in Corrections Corp Of America during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 241,210 shares of Corrections Corp Of America which is valued at $8,087,771.Corrections Corp Of America makes up approximately 2.52% of Breton Hill Capital Ltd.’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in CXW during the most recent quarter. The investment firm sold 239 shares of CXW which is valued $8,014. Alpha Windward added CXW to its portfolio by purchasing 723 company shares during the most recent quarter which is valued at $23,440. Corrections Corp Of America makes up approx 0.02% of Alpha Windward’s portfolio.Raymond James Trust N.a. boosted its stake in CXW in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 12,128 shares of Corrections Corp Of America which is valued at $393,190. Corrections Corp Of America makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.

Corrections Corp Of America opened for trading at $33.03 and hit $33.215 on the upside on Friday, eventually ending the session at $33.07, with a gain of 0.21% or 0.07 points. The heightened volatility saw the trading volume jump to 6,54,010 shares. Company has a market cap of $3,885 M.

On the company’s financial health, Corrections Corp Of America reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.58. The company had revenue of $447.40 million for the quarter, compared to analysts expectations of $443.47 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on Corrections Corp Of America. Corrections Corp Of America was Downgraded by SunTrust to ” Neutral” on Jul 1, 2016.

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 Company’s 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 Company’s 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).

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