Fox Run Management L.L.C. lessened its stake in CoreLogic, Inc. (NYSE:CLGX) by 49.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,200 shares of the business services provider’s stock after selling 12,700 shares during the period. Fox Run Management L.L.C.’s holdings in CoreLogic were worth $610,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of CLGX. BlackRock Inc. grew its position in CoreLogic by 13,378.0% in the 1st quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock worth $275,158,000 after purchasing an additional 6,707,190 shares during the period. Lazard Asset Management LLC bought a new stake in CoreLogic in the 2nd quarter worth approximately $54,918,000. Bessemer Group Inc. grew its position in CoreLogic by 43.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock worth $126,606,000 after purchasing an additional 879,164 shares during the period. Banbury Partners LLC bought a new stake in CoreLogic in the 2nd quarter worth approximately $30,854,000. Finally, 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 worth $293,729,000 after purchasing an additional 301,853 shares during the period. 88.32% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. lifted their target price on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 target price on shares of CoreLogic in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.
Shares of CoreLogic, Inc. (CLGX) opened at 47.06 on Friday. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $49.30. The stock’s 50 day moving average is $47.40 and its 200-day moving average is $44.59. The company has a market cap of $3.97 billion, a P/E ratio of 43.21 and a beta of 0.93.
CoreLogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, equities analysts forecast that CoreLogic, Inc. will post $2.33 EPS for the current year.
In other news, CEO Frank Martell sold 35,392 shares of the stock in a transaction 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 sale, the chief executive officer now owns 251,344 shares in the company, valued at $11,840,815.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Barry M. Sando sold 23,200 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the sale, the insider now owns 156,661 shares in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. Insiders sold 65,842 shares of company stock worth $3,086,969 in the last quarter. Company insiders own 1.20% of the company’s stock.
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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