Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Cuts Stake in CoreLogic Inc. (CLGX)
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowered its stake in shares of CoreLogic Inc. (NYSE:CLGX) by 27.8% during the third quarter, Holdings Channel reports. The firm owned 45,765 shares of the company’s stock after selling 17,600 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in CoreLogic were worth $1,795,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CLGX. Nordea Investment Management AB purchased a new position in shares of CoreLogic during the second quarter valued at approximately $640,000. Highland Capital Management LLC bought a new position in CoreLogic during the second quarter valued at about $679,000. Fox Run Management L.L.C. bought a new position in CoreLogic during the second quarter valued at about $258,000. CrestPoint Capital Management LLC bought a new position in CoreLogic during the second quarter valued at about $208,000. Finally, Capstone Asset Management Co. raised its position in CoreLogic by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,662 shares of the company’s stock valued at $295,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.
CoreLogic Inc. (NYSE:CLGX) traded down 0.03% on Tuesday, hitting $39.21. The stock had a trading volume of 424,758 shares. The stock’s 50-day moving average is $39.72 and its 200 day moving average is $39.21. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 25.01 and a beta of 1.00. CoreLogic Inc. has a 1-year low of $30.73 and a 1-year high of $43.43.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, October 24th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CoreLogic had a return on equity of 15.64% and a net margin of 7.53%. The company had revenue of $524 million for the quarter, compared to analysts’ expectations of $502.40 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. CoreLogic’s revenue was up 35.8% compared to the same quarter last year. On average, equities research analysts predict that CoreLogic Inc. will post $2.36 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be read at http://www.dailypolitical.com/2016/11/29/her-majesty-the-queen-in-right-of-the-province-of-alberta-as-represented-by-alberta-investment-management-corp-cuts-stake-in-corelogic-inc-clgx.html.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded CoreLogic from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Friday, October 28th. Barclays PLC restated a “buy” rating on shares of CoreLogic in a research report on Thursday, November 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $45.00 price target on shares of CoreLogic in a research report on Thursday, October 27th. Piper Jaffray Cos. restated an “overweight” rating and set a $48.00 price target on shares of CoreLogic in a research report on Friday, August 19th. Finally, Keefe, Bruyette & Woods reduced their price target on CoreLogic from $44.50 to $43.00 and set a “market perform” rating on the stock in a research report on Monday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.94.
In other CoreLogic news, insider Anand K. Nallathambi sold 20,000 shares of the company’s stock in a transaction on 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 sale, the insider now owns 206,047 shares in the company, valued at $8,048,195.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Frank Martell bought 4,000 shares of the stock in a transaction on Tuesday, November 15th. The shares were bought at an average price of $37.27 per share, with a total value of $149,080.00. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding CLGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreLogic Inc. (NYSE:CLGX).
Receive News & Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related companies with MarketBeat.com's FREE daily email newsletter.