HBK Investments L P purchased a new position in Corelogic Inc (NYSE:CLGX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,388 shares of the business services provider’s stock, valued at approximately $526,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CLGX. Lazard Asset Management LLC raised its holdings in shares of Corelogic by 70.3% in the fourth quarter. Lazard Asset Management LLC now owns 3,316,386 shares of the business services provider’s stock worth $153,250,000 after buying an additional 1,368,543 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Corelogic by 136.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 629,224 shares of the business services provider’s stock worth $29,076,000 after buying an additional 362,858 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of Corelogic in the fourth quarter worth $10,879,000. OxFORD Asset Management LLP raised its holdings in shares of Corelogic by 220.7% in the third quarter. OxFORD Asset Management LLP now owns 297,052 shares of the business services provider’s stock worth $13,791,000 after buying an additional 204,418 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Corelogic by 108.3% in the fourth quarter. Deutsche Bank AG now owns 266,625 shares of the business services provider’s stock worth $12,318,000 after buying an additional 138,616 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Corelogic from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Barclays reiterated a “buy” rating and issued a $58.00 price objective on shares of Corelogic in a research note on Friday, January 5th. Deutsche Bank set a $33.00 price objective on shares of Corelogic and gave the stock a “sell” rating in a research note on Tuesday, February 27th. Compass Point assumed coverage on shares of Corelogic in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $49.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 price objective on shares of Corelogic in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Corelogic currently has a consensus rating of “Hold” and a consensus target price of $47.78.
Corelogic (NYSE:CLGX) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The firm had revenue of $454.16 million for the quarter, compared to analyst estimates of $450.54 million. Corelogic had a net margin of 8.22% and a return on equity of 16.73%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. research analysts forecast that Corelogic Inc will post 2.31 EPS for the current fiscal year.
In related news, insider Barry M. Sando sold 1,383 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $46.00, for a total transaction of $63,618.00. Following the sale, the insider now owns 174,154 shares in the company, valued at $8,011,084. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.
Corelogic Company 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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