Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of CoreLogic, Inc. (NYSE:CLGX) by 82.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,877 shares of the business services provider’s stock after acquiring an additional 41,180 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.11% of CoreLogic worth $3,942,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in CoreLogic by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after buying an additional 301,853 shares during the last quarter. BlackRock Inc. lifted its holdings in CoreLogic by 13,378.0% in the first quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock valued at $275,158,000 after acquiring an additional 6,707,190 shares during the period. Bessemer Group Inc. lifted its holdings in CoreLogic by 43.1% in the second quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after acquiring an additional 879,164 shares during the period. Schroder Investment Management Group lifted its holdings in CoreLogic by 1.1% in the first quarter. Schroder Investment Management Group now owns 1,859,534 shares of the business services provider’s stock valued at $75,200,000 after acquiring an additional 21,021 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in CoreLogic by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,510,833 shares of the business services provider’s stock valued at $61,521,000 after acquiring an additional 68,735 shares during the period. Institutional investors and hedge funds own 88.21% of the company’s stock.
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CoreLogic, Inc. (NYSE CLGX) opened at 47.80 on Wednesday. CoreLogic, Inc. has a 52-week low of $34.59 and a 52-week high of $48.02. The company’s 50-day moving average price is $45.81 and its 200 day moving average price is $42.77. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 43.89 and a beta of 0.95.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities research analysts predict that CoreLogic, Inc. will post $2.33 earnings per share for the current year.
In other CoreLogic news, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total value of $1,090,632.00. Following the sale, the insider now owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $47.11, for a total value of $1,667,317.12. Following the completion of the sale, the chief executive officer now directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. Insiders sold a total of 71,242 shares of company stock worth $3,325,193 in the last ninety days. Insiders own 1.20% of the company’s stock.
Several research analysts have recently issued reports on CLGX shares. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Thursday, July 27th. BidaskClub upgraded CoreLogic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a research report on Thursday, July 27th. Robert W. Baird lifted their price target on CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. lifted their price target on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.00.
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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