CoreLogic Inc. (CLGX) Shares Sold by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. reduced its stake in CoreLogic Inc. (NYSE:CLGX) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 7,716 shares of the company’s stock after selling 177 shares during the period. Oppenheimer & Co. Inc.’s holdings in CoreLogic were worth $297,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLGX. UBS Group AG boosted its position in shares of CoreLogic by 82.7% in the first quarter. UBS Group AG now owns 19,270 shares of the company’s stock worth $668,000 after buying an additional 8,721 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of CoreLogic by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 11,908 shares of the company’s stock worth $413,000 after buying an additional 3,932 shares in the last quarter. State Street Corp boosted its position in shares of CoreLogic by 0.5% in the first quarter. State Street Corp now owns 2,389,973 shares of the company’s stock worth $82,929,000 after buying an additional 12,478 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of CoreLogic by 7.3% in the first quarter. Bessemer Group Inc. now owns 2,579,565 shares of the company’s stock worth $89,511,000 after buying an additional 176,400 shares in the last quarter. Finally, Palisade Capital Management LLC NJ boosted its position in shares of CoreLogic by 26.8% in the first quarter. Palisade Capital Management LLC NJ now owns 416,670 shares of the company’s stock worth $14,458,000 after buying an additional 88,097 shares in the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.
Shares of CoreLogic Inc. (NYSE:CLGX) traded up 1.38% during mid-day trading on Wednesday, reaching $39.67. The company’s stock had a trading volume of 352,546 shares. The firm’s 50 day moving average is $39.82 and its 200-day moving average is $37.52. The company has a market capitalization of $3.50 billion, a PE ratio of 26.50 and a beta of 1.06. CoreLogic Inc. has a 52-week low of $30.73 and a 52-week high of $43.43.
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 business earned $500 million during the quarter, compared to analyst estimates of $485.55 million. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The company’s revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Analysts forecast that CoreLogic Inc. will post $2.28 EPS for the current year.
CLGX has been the subject of a number of recent research reports. Monness Crespi & Hardt lifted their price objective on CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Piper Jaffray Cos. reiterated a “buy” rating and set a $48.00 price objective on shares of CoreLogic in a research report on Tuesday, June 21st. Zacks Investment Research cut CoreLogic from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods dropped their price objective on CoreLogic from $44.50 to $43.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Robert W. Baird cut CoreLogic from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $40.00 to $41.00 in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.72.
In other news, Director Mary Lee Widener sold 3,000 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barry M. Sando sold 1,113 shares of the company’s 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 sale, the executive vice president now owns 154,341 shares of the company’s stock, valued at approximately $6,096,469.50. The disclosure for this sale can be found here. 2.50% of the stock is owned by 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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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