Quantitative Systematic Strategies LLC acquired a new position in shares of CoreLogic Inc. (NYSE:CLGX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,660 shares of the company’s stock, valued at approximately $521,000.
Several other hedge funds have also recently added to or reduced their stakes in CLGX. Acrospire Investment Management LLC bought a new stake in shares of CoreLogic during the first quarter worth $115,000. Huntington National Bank boosted its stake in shares of CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock worth $174,000 after buying an additional 1,685 shares during the period. LS Investment Advisors LLC boosted its stake in shares of CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock worth $206,000 after buying an additional 2,278 shares during the period. CrestPoint Capital Management LLC bought a new stake in shares of CoreLogic during the second quarter worth $208,000. Finally, Parametrica Management Ltd bought a new stake in shares of CoreLogic during the second quarter worth $244,000. Institutional investors and hedge funds own 85.59% of the company’s stock.
Shares of CoreLogic Inc. (NYSE:CLGX) traded down 0.66% during mid-day trading on Friday, hitting $39.11. The stock had a trading volume of 516,953 shares. The firm has a market cap of $3.45 billion, a PE ratio of 26.13 and a beta of 1.07. CoreLogic Inc. has a 52 week low of $30.73 and a 52 week high of $43.43. The stock has a 50 day moving average price of $39.83 and a 200 day moving average price of $38.12.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm earned $500 million during the quarter, compared to analysts’ expectations of $485.55 million. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. Equities research analysts expect that CoreLogic Inc. will post $2.28 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Piper Jaffray Cos. reiterated a “buy” rating and issued a $48.00 price target on shares of CoreLogic in a research report on Tuesday, June 21st. Monness Crespi & Hardt increased their target price on CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Keefe, Bruyette & Woods increased their target price on CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Barclays PLC increased their target price on CoreLogic from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Finally, Zacks Investment Research cut CoreLogic from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.72.
In other CoreLogic news, Director Mary Lee Widener sold 3,000 shares of CoreLogic stock in a transaction on Monday, August 1st. The stock was sold at an average price of $40.14, for a total value of $120,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Barry M. Sando sold 1,113 shares of CoreLogic stock in a transaction on Monday, August 15th. The shares were sold at an average price of $39.50, for a total value of $43,963.50. Following the completion of the transaction, the executive vice president now directly owns 154,341 shares of the company’s stock, valued at $6,096,469.50. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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