Corelogic Inc (CLGX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of Corelogic Inc (NYSE:CLGX) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 109,990 shares of the business services provider’s stock after selling 25,735 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Corelogic were worth $5,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLGX. Bruderman Asset Management LLC purchased a new position in shares of Corelogic in the 2nd quarter valued at approximately $115,000. Fort L.P. purchased a new position in shares of Corelogic in the 2nd quarter valued at approximately $118,000. Global X Management Co LLC purchased a new position in shares of Corelogic in the 2nd quarter valued at approximately $180,000. Greenwood Capital Associates LLC purchased a new position in shares of Corelogic in the 2nd quarter valued at approximately $270,000. Finally, Commonwealth Bank of Australia purchased a new position in shares of Corelogic in the 3rd quarter valued at approximately $306,000. 92.24% of the stock is currently owned by institutional investors.

In other Corelogic news, Director John C. Dorman sold 8,723 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $39.74, for a total transaction of $346,652.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary Lee Widener sold 700 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $50.50, for a total value of $35,350.00. Following the sale, the director now owns 8,233 shares in the company, valued at $415,766.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,123 shares of company stock worth $1,617,903. 1.10% of the stock is owned by company insiders.

A number of research firms recently weighed in on CLGX. ValuEngine upgraded Corelogic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research downgraded Corelogic from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Oppenheimer decreased their price target on Corelogic from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Wells Fargo & Co decreased their price target on Corelogic from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Finally, Compass Point decreased their price target on Corelogic from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.00.

CLGX opened at $40.32 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.69. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.56 and a beta of 0.66. Corelogic Inc has a one year low of $37.89 and a one year high of $55.79.

Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 24th. The business services provider reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.05). The firm had revenue of $451.77 million for the quarter, compared to analysts’ expectations of $476.84 million. Corelogic had a return on equity of 19.41% and a net margin of 9.46%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities analysts anticipate that Corelogic Inc will post 2.36 earnings per share for the current year.

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Corelogic Company Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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