Arizona State Retirement System Grows Position in Corelogic Inc (CLGX)

Arizona State Retirement System increased its stake in Corelogic Inc (NYSE:CLGX) by 0.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,822 shares of the business services provider’s stock after acquiring an additional 344 shares during the period. Arizona State Retirement System’s holdings in Corelogic were worth $1,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CLGX. Mackenzie Financial Corp increased its stake in shares of Corelogic by 41.6% during the third quarter. Mackenzie Financial Corp now owns 904,679 shares of the business services provider’s stock valued at $44,700,000 after purchasing an additional 265,600 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Corelogic by 80.6% during the third quarter. Acadian Asset Management LLC now owns 464,015 shares of the business services provider’s stock valued at $22,926,000 after purchasing an additional 207,045 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Corelogic by 93.6% during the third quarter. Renaissance Technologies LLC now owns 395,786 shares of the business services provider’s stock valued at $19,556,000 after purchasing an additional 191,305 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Corelogic during the third quarter valued at approximately $8,528,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Corelogic by 15.6% during the second quarter. Bank of New York Mellon Corp now owns 1,252,662 shares of the business services provider’s stock valued at $65,013,000 after purchasing an additional 168,931 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

NYSE:CLGX opened at $38.91 on Thursday. Corelogic Inc has a 52 week low of $31.87 and a 52 week high of $55.79. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $3.07 billion, a PE ratio of 19.95, a PEG ratio of 1.42 and a beta of 0.82.

A number of equities analysts have weighed in on CLGX shares. Zacks Investment Research downgraded shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Wells Fargo & Co decreased their target price on shares of Corelogic from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Robert W. Baird set a $36.00 target price on shares of Corelogic and gave the company a “hold” rating in a research note on Sunday, December 23rd. Deutsche Bank decreased their target price on shares of Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a research note on Monday, January 7th. Finally, ValuEngine downgraded shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.00.

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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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