Stoneridge Investment Partners LLC Sells 15,607 Shares of CoreLogic, Inc. (NYSE:CLGX)
Stoneridge Investment Partners LLC cut its position in CoreLogic, Inc. (NYSE:CLGX) by 76.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,880 shares of the business services provider’s stock after selling 15,607 shares during the period. Stoneridge Investment Partners LLC’s holdings in CoreLogic were worth $212,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of CoreLogic during the fourth quarter worth approximately $125,000. Tyers Asset Management LLC increased its position in shares of CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock worth $133,000 after buying an additional 44 shares in the last quarter. Flinton Capital Management LLC increased its position in CoreLogic by 1.4% in the first quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock valued at $169,000 after buying an additional 56 shares during the period. Huntington National Bank increased its position in CoreLogic by 24.9% in the first quarter. Huntington National Bank now owns 4,640 shares of the business services provider’s stock valued at $189,000 after buying an additional 925 shares during the period. Finally, Neuburgh Advisers LLC increased its position in CoreLogic by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 90.95% of the company’s stock.
Shares of CoreLogic, Inc. (NYSE CLGX) opened at 44.72 on Friday. The firm has a 50-day moving average price of $44.15 and a 200 day moving average price of $41.37. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 41.07 and a beta of 0.97. CoreLogic, Inc. has a 52-week low of $34.59 and a 52-week high of $45.99.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The firm had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that CoreLogic, Inc. will post $2.33 earnings per share for the current year.
Several equities analysts have recently issued reports on CLGX shares. Barclays PLC upped their price objective on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 9th. Robert W. Baird increased their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. increased their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.00.
In other CoreLogic news, General Counsel Stergios Theologides sold 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $44.00, for a total transaction of $220,000.00. Following the sale, the general counsel now directly owns 63,806 shares in the company, valued at $2,807,464. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul F. Folino sold 1,750 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total value of $79,170.00. Following the sale, the director now owns 9,462 shares in the company, valued at $428,060.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,410 shares of company stock worth $540,854. 1.20% of the stock is owned by company 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. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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