Russell Investments Group Ltd. Grows Stake in CoreLogic, Inc. (CLGX)

Russell Investments Group Ltd. lifted its stake in shares of CoreLogic, Inc. (NYSE:CLGX) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,896 shares of the business services provider’s stock after acquiring an additional 20,698 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of CoreLogic worth $3,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLGX. Aperio Group LLC boosted its position in shares of CoreLogic by 9.3% in the second quarter. Aperio Group LLC now owns 15,375 shares of the business services provider’s stock worth $667,000 after buying an additional 1,313 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of CoreLogic by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 50,679 shares of the business services provider’s stock worth $2,198,000 after buying an additional 294 shares during the period. Arizona State Retirement System boosted its position in shares of CoreLogic by 1.7% in the second quarter. Arizona State Retirement System now owns 35,700 shares of the business services provider’s stock worth $1,549,000 after buying an additional 600 shares during the period. First Trust Advisors LP boosted its position in shares of CoreLogic by 20.6% in the second quarter. First Trust Advisors LP now owns 246,587 shares of the business services provider’s stock worth $10,697,000 after buying an additional 42,192 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of CoreLogic by 17.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 38,300 shares of the business services provider’s stock worth $1,658,000 after buying an additional 5,800 shares during the period. 88.80% of the stock is owned by institutional investors and hedge funds.

Shares of CoreLogic, Inc. (CLGX) opened at $46.26 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. CoreLogic, Inc. has a 1-year low of $34.59 and a 1-year high of $49.30. The stock has a market capitalization of $3,798.26, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.05 and a beta of 0.84.

CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The business had revenue of $483.10 million during the quarter, compared to analyst estimates of $490.09 million. During the same period last year, the company earned $0.73 earnings per share. CoreLogic’s quarterly revenue was down 7.8% compared to the same quarter last year. analysts predict that CoreLogic, Inc. will post 2.04 EPS for the current year.

In related news, Director Mary Lee Widener sold 900 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the sale, the director now directly owns 8,434 shares in the company, valued at $393,867.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Several brokerages have recently commented on CLGX. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 target price on shares of CoreLogic in a research report on Friday, October 27th. BidaskClub cut CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks cut CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research report on Tuesday, November 28th. Barclays raised their target price on CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, William Blair cut CoreLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.43.

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CoreLogic Profile

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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Institutional Ownership by Quarter for CoreLogic (NYSE:CLGX)

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