How Analysts Feel About Corrections Corp Of America After Today’s Bullish Options Activity?

 How Analysts Feel About Corrections Corp Of America After Today's Bullish Options Activity?

In today’s session Corrections Corp Of America (CXW) registered an unusually high (1,319) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CXW increase. With 1,319 contracts traded and 42684 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CXW161118C00015000 closed last at: $0.4 or 0% . The stock decreased 1.31% or $0.17 during the last trading session, hitting $13.18. Corrections Corp Of America (NYSE:CXW) has declined 54.90% since March 30, 2016 and is downtrending. It has underperformed by 57.91% the S&P500.

Analysts await Corrections Corp Of America (NYSE:CXW) to report earnings on November, 2. They expect $0.68 EPS, up 7.94% or $0.05 from last year’s $0.63 per share. CXW’s profit will be $77.91 million for 4.85 P/E if the $0.68 EPS becomes a reality. After $0.69 actual EPS reported by Corrections Corp Of America for the previous quarter, Wall Street now forecasts -1.45% negative EPS growth.

Corrections Corp Of America (NYSE:CXW) Ratings Coverage

Out of 3 analysts covering Corrections Corp (NYSE:CXW), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Corrections Corp has been the topic of 9 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, March 22 report. Suntrust Robinson maintained the shares of CXW in a report on Thursday, September 1 with “Neutral” rating. Canaccord Genuity maintained Corrections Corp Of America (NYSE:CXW) rating on Thursday, October 20. Canaccord Genuity has “Hold” rating and $17 price target. Canaccord Genuity maintained the shares of CXW in a report on Wednesday, August 24 with “Hold” rating. Canaccord Genuity maintained Corrections Corp Of America (NYSE:CXW) on Friday, August 5 with “Hold” rating. The stock has “Buy” rating given by SunTrust on Wednesday, October 12. The stock of Corrections Corp Of America (NYSE:CXW) earned “Neutral” rating by Suntrust Robinson on Friday, July 1. The stock of Corrections Corp Of America (NYSE:CXW) has “Hold” rating given on Friday, November 6 by Canaccord Genuity. The stock has “Neutral” rating given by SunTrust on Thursday, September 1.

According to Zacks Investment Research, “Corrections Corporation of America is a real estate investment trust. It owns, operates and manages correctional, detention facilities and prisons primarily in the United States. In addition to providing the fundamental residential services relating to inmates, the company also offers rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. Corrections Corporation of America is based in Nashville, Tennessee.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.17, from 1.25 in 2016Q1. The ratio increased, as 20 funds sold all Corrections Corp Of America shares owned while 84 reduced positions. 37 funds bought stakes while 111 increased positions. They now own 105.78 million shares or 0.65% less from 106.47 million shares in 2016Q1.
Stifel Corp accumulated 86,849 shares or 0.01% of the stock. The New York-based Qs Invsts Limited Liability Corporation has invested 0% in Corrections Corp Of America (NYSE:CXW). The British Columbia – Canada-based Connor Clark Lunn Mgmt has invested 0.04% in Corrections Corp Of America (NYSE:CXW). Cambridge Research has 0.03% invested in the company for 36,355 shares. Cubist Systematic Strategies Lc owns 5,060 shares or 0.01% of their US portfolio. London Of Virginia reported 6.91 million shares or 1.87% of all its holdings. Columbia Wanger Asset Mgmt Ltd Liability has 294,000 shares for 0.12% of their US portfolio. First Personal Fincl Ser holds 114 shares or 0% of its portfolio. Moreover, First Quadrant L P Ca has 0% invested in Corrections Corp Of America (NYSE:CXW) for 221 shares. Sg Americas Secs Ltd Liability has invested 0.02% of its portfolio in Corrections Corp Of America (NYSE:CXW). Comml Bank Of America Corporation De last reported 0.07% of its portfolio in the stock. Eqis Mngmt owns 21,651 shares or 0.05% of their US portfolio. Raymond James And Assocs reported 861,137 shares or 0.09% of all its holdings. Whittier Com Of Nevada accumulated 0% or 757 shares. Renaissance Techs Lc has 850,200 shares for 0.06% of their US portfolio.

Insider Transactions: Since August 18, 2016, the stock had 5 insider purchases, and 0 selling transactions for $420,191 net activity. Irwin Scott D also bought $5,100 worth of Corrections Corp Of America (NYSE:CXW) on Thursday, August 18. OVERBY CHARLES L bought $99,250 worth of stock or 5,000 shares. On Thursday, August 18 Hininger Damon T bought $47,652 worth of the stock or 2,870 shares. MARIUCCI ANNE L also bought $96,300 worth of Corrections Corp Of America (NYSE:CXW) shares. Emkes Mark A had bought 10,000 shares worth $171,889 on Thursday, August 18.

Corrections Corporation of America is a real estate investment trust . The company has a market cap of $1.51 billion. The Firm 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. It has a 7.64 P/E ratio. The Company’s facilities offer a range of rehabilitation and educational programs, including basic education, faith services, life skills and employment training, and substance abuse treatment.

CXW Company Profile

Corrections Corporation of America, incorporated on September 24, 1998, is a real estate investment trust (REIT). The Firm 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 range of rehabilitation and educational programs, including basic education, faith services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain healthcare (including medical, dental and mental health services), food services and work and recreational programs. The Company’s clients consist of federal, state and local correctional and detention authorities. Federal correctional and detention authorities consist of the Federal Bureau of Prisons (the BOP), the United States Marshals Service (the USMS), and the United States Immigration and Customs Enforcement (ICE). The Company’s customer contracts have terms of three to five years and contain multiple renewal options. Most of its facility contracts also contain clauses that allow the government agency to terminate the contract at any time without cause.

More notable recent Corrections Corp Of America (NYSE:CXW) news were published by: Reuters.com which released: “BRIEF-Corrections Corporation of America rebrands as Corecivic” on October 28, 2016, also Realmoney.Thestreet.com with their article: “Corrections Corp. of America: Value Investing for the Strong of Stomach” published on October 14, 2016, Fool.com published: “Why Barracuda Networks, Corrections Corp. of America, and Mueller Water …” on October 12, 2016. More interesting news about Corrections Corp Of America (NYSE:CXW) were released by: Zacks.com and their article: “Bear of the Day: Corrections Corp of America (CXW)” published on October 13, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Corrections Corp Of America sees q3 EPS $0.43 to $0.45” with publication date: October 17, 2016.

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