Breton Hill Capital Ltd. Lowers stake in Corrections Corp Of America (CXW)

Corrections Corp Of America (CXW) : Breton Hill Capital Ltd. reduced its stake in Corrections Corp Of America by 11.82% during the most recent quarter end. The investment management company now holds a total of 219,574 shares of Corrections Corp Of America which is valued at $6,951,713 after selling 29,436 shares in Corrections Corp Of America , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Corrections Corp Of America makes up approximately 2.55% of Breton Hill Capital Ltd.’s portfolio.

Corrections Corp Of America closed down -0.05 points or -0.16% at $31.66 with 5,15,929 shares getting traded on Friday. Post opening the session at $31.76, the shares hit an intraday low of $31.61 and an intraday high of $31.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CXW in the latest quarter, The investment management firm added 320 additional shares and now holds a total of 8,960 shares of Corrections Corp Of America which is valued at $283,674. Corrections Corp Of America makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Proficio Capital Partners added CXW to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $378.Weaver C. Barksdale Associates reduced its stake in CXW by selling 52 shares or 17.99% in the most recent quarter. The Hedge Fund company now holds 237 shares of CXW which is valued at $7,456. Corrections Corp Of America makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Corrections Corp Of America reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.60. The company had revenue of $447.80 million for the quarter, compared to analysts expectations of $456.71 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Corrections Corp Of America. Company shares were Reiterated by Canaccord Genuity on Mar 22, 2016 to “Hold”, Firm has raised the Price Target to $ 33 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 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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