Eagle Asset Management Inc. reduced its position in Corelogic Inc (NYSE:CLGX) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 212,128 shares of the business services provider’s stock after selling 21,502 shares during the quarter. Eagle Asset Management Inc.’s holdings in Corelogic were worth $9,815,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of Corelogic by 56.8% during the 1st quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock valued at $6,375,000 after buying an additional 62,013 shares during the period. DNB Asset Management AS purchased a new stake in shares of Corelogic during the 2nd quarter valued at about $4,585,000. Retirement Systems of Alabama raised its holdings in shares of Corelogic by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 104,949 shares of the business services provider’s stock valued at $4,390,000 after buying an additional 688 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Corelogic during the 2nd quarter valued at about $300,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of Corelogic during the 2nd quarter valued at about $184,000. 93.71% of the stock is currently owned by institutional investors and hedge funds.
CLGX stock opened at $38.63 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75. Corelogic Inc has a 52-week low of $31.87 and a 52-week high of $49.49. The stock’s 50 day moving average is $44.15 and its two-hundred day moving average is $43.87. The company has a market capitalization of $3.10 billion, a PE ratio of 16.37, a P/E/G ratio of 1.50 and a beta of 0.70.
Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. The company had revenue of $458.96 million for the quarter, compared to the consensus estimate of $457.49 million. During the same period in the previous year, the business earned $0.72 EPS. Corelogic’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Corelogic Inc will post 2.35 EPS for the current year.
In other Corelogic news, Director Paul F. Folino sold 1,100 shares of Corelogic stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $45.84, for a total transaction of $50,424.00. Following the sale, the director now directly owns 9,902 shares in the company, valued at approximately $453,907.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry M. Sando sold 15,000 shares of Corelogic stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.24, for a total value of $723,600.00. Following the sale, the director now owns 149,666 shares in the company, valued at $7,219,887.84. The disclosure for this sale can be found here. Insiders have sold a total of 31,600 shares of company stock worth $1,495,557 over the last 90 days. 1.10% of the stock is owned by company insiders.
Several brokerages recently commented on CLGX. Robert W. Baird set a $45.00 target price on Corelogic and gave the company a “hold” rating in a report on Friday, July 26th. TheStreet upgraded Corelogic from a “c” rating to a “b-” rating in a report on Wednesday, October 23rd. Barclays began coverage on Corelogic in a report on Wednesday, August 21st. They set an “overweight” rating and a $54.00 target price on the stock. ValuEngine downgraded Corelogic from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Finally, Deutsche Bank downgraded Corelogic from a “hold” rating to a “sell” rating and dropped their target price for the company from $43.00 to $39.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.63.
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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