CoreLogic Inc. (CLGX) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its position in shares of CoreLogic Inc. (NYSE:CLGX) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 75,227 shares of the company’s stock after buying an additional 4,040 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of CoreLogic worth $2,895,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. increased 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 during the period. Samlyn Capital LLC increased its position in shares of CoreLogic by 15.7% in the first quarter. Samlyn Capital LLC now owns 2,498,258 shares of the company’s stock worth $86,690,000 after buying an additional 339,189 shares during the period. State Street Corp increased 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 during the period. Schroder Investment Management Group increased its position in shares of CoreLogic by 3.9% in the second quarter. Schroder Investment Management Group now owns 2,204,110 shares of the company’s stock worth $84,814,000 after buying an additional 82,400 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of CoreLogic by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 2,095,274 shares of the company’s stock worth $80,626,000 after buying an additional 55,065 shares during the period. Institutional investors and hedge funds own 85.59% of the company’s stock.
CoreLogic Inc. (NYSE:CLGX) traded up 0.73% during trading on Wednesday, reaching $38.78. The company’s stock had a trading volume of 45,482 shares. The stock has a market cap of $3.42 billion, a P/E ratio of 25.91 and a beta of 1.07. The firm’s 50-day moving average is $39.98 and its 200-day moving average is $37.95. CoreLogic Inc. has a 52-week low of $30.73 and a 52-week high of $43.43.
CoreLogic (NYSE:CLGX) last released its earnings results on Monday, July 25th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ 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 revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research analysts forecast that CoreLogic Inc. will post $2.28 EPS for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research raised CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Friday, July 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $45.00 price target on shares of CoreLogic in a research report on Friday, July 22nd. Monness Crespi & Hardt boosted their price target on CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods boosted their price target on CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Finally, Robert W. Baird cut CoreLogic from an “outperform” rating to a “neutral” rating and boosted their price target 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, three have given a hold rating and five have assigned a buy rating to the company’s stock. CoreLogic currently has an average rating of “Hold” and an average target price of $43.72.
In other CoreLogic news, insider Anand K. Nallathambi sold 20,000 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $39.06, for a total transaction of $781,200.00. Following the completion of the transaction, the insider now owns 206,047 shares in the company, valued at approximately $8,048,195.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Lee Widener sold 3,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $40.14, for a total value of $120,420.00. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
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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