Corrections Corp Of America (CXW) : Wright Investors Service Inc scooped up 2,240 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 Aug 1, 2016. The investment management firm now holds a total of 44,265 shares of Corrections Corp Of America which is valued at $1,373,543.Corrections Corp Of America makes up approximately 0.55% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado reduced its stake in CXW by selling 6 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 28,184 shares of CXW which is valued at $903,297. Corrections Corp Of America makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Louisiana State Employees Retirement System reduced its stake in CXW by selling 1,300 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 31,200 shares of CXW which is valued at $994,032. Corrections Corp Of America makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. First Manhattan Co sold out all of its stake in CXW during the most recent quarter. The investment firm sold 9 shares of CXW which is valued $297.
Corrections Corp Of America closed down -1.92 points or -6.19% at $29.11 with 29,10,087 shares getting traded on Thursday. Post opening the session at $30.53, the shares hit an intraday low of $28.56 and an intraday high of $30.89 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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 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).