BB&T Securities LLC raised its holdings in Corelogic Inc (NYSE:CLGX) by 70.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,100 shares of the business services provider’s stock after buying an additional 9,550 shares during the period. BB&T Securities LLC’s holdings in Corelogic were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CLGX. First Trust Advisors LP lifted its stake in shares of Corelogic by 56.8% in the first 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 in the last quarter. DNB Asset Management AS bought a new position in shares of Corelogic in the second quarter valued at $4,585,000. Retirement Systems of Alabama lifted its stake in shares of Corelogic by 0.7% in the second 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 in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Corelogic in the second quarter valued at $300,000. Finally, Machina Capital S.A.S. bought a new position in shares of Corelogic in the second quarter valued at $184,000. 93.82% of the stock is currently owned by hedge funds and other institutional investors.
Corelogic stock opened at $38.93 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.75. The firm’s fifty day moving average price is $44.44 and its two-hundred day moving average price is $43.90. Corelogic Inc has a 1-year low of $31.87 and a 1-year high of $49.49. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.70.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The company had revenue of $458.96 million for the quarter, compared to analyst estimates of $457.49 million. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Corelogic Inc will post 2.35 EPS for the current year.
In related news, Director Barry M. Sando sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.24, for a total transaction of $723,600.00. Following the transaction, the director now directly owns 149,666 shares of the company’s stock, valued at $7,219,887.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vikrant Raina purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of $39.97 per share, for a total transaction of $99,925.00. Following the completion of the transaction, the director now directly owns 11,384 shares of the company’s stock, valued at $455,018.48. The disclosure for this purchase can be found here. Insiders have sold 31,600 shares of company stock worth $1,495,557 over the last three months. 1.10% of the stock is owned by insiders.
A number of research analysts have weighed in on the stock. Wolfe Research lowered shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research note on Friday, October 25th. SunTrust Banks set a $44.00 price objective on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird set a $45.00 price objective on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, July 26th. ValuEngine lowered shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Deutsche Bank lowered shares of Corelogic from a “hold” rating to a “sell” rating and dropped their price objective for the company from $43.00 to $39.00 in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.63.
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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