CoreLogic, Inc. (CLGX) Stake Held by State of Tennessee Treasury Department
State of Tennessee Treasury Department held its stake in CoreLogic, Inc. (NYSE:CLGX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,300 shares of the business services provider’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned about 0.08% of CoreLogic worth $2,963,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CoreLogic by 9.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 283 shares during the last quarter. Neuburgh Advisers LLC lifted its holdings in CoreLogic by 1.4% in the 1st quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after acquiring an additional 68 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in CoreLogic in the 2nd quarter valued at about $210,000. Laurion Capital Management LP acquired a new stake in CoreLogic in the 1st quarter valued at about $232,000. Finally, World Asset Management Inc acquired a new stake in CoreLogic in the 1st quarter valued at about $233,000. 88.21% of the stock is owned by institutional investors.
In other CoreLogic news, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $44.00, for a total transaction of $220,000.00. Following the transaction, the general counsel now owns 63,806 shares in the company, valued at $2,807,464. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $47.11, for a total value of $1,667,317.12. Following the transaction, the chief executive officer now owns 251,344 shares in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,242 shares of company stock worth $3,325,193. Company insiders own 1.20% of the company’s stock.
A number of equities research analysts have weighed in on CLGX shares. Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, July 27th. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Robert W. Baird upped their price target on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. boosted their price objective on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.00.
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Shares of CoreLogic, Inc. (CLGX) opened at 46.79 on Friday. CoreLogic, Inc. has a 12-month low of $34.59 and a 12-month high of $48.02. The firm’s 50-day moving average price is $46.11 and its 200 day moving average price is $42.95. The firm has a market cap of $3.94 billion, a P/E ratio of 42.97 and a beta of 0.95.
CoreLogic (NYSE:CLGX) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $478.72 million. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that CoreLogic, Inc. will post $2.33 earnings per share for the current fiscal year.
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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