Public Employees Retirement Association of Colorado Decreases Position in Corelogic Inc (CLGX)
Public Employees Retirement Association of Colorado lessened its holdings in shares of Corelogic Inc (NYSE:CLGX) by 17.4% during the 1st quarter, HoldingsChannel reports. The fund owned 13,944 shares of the business services provider’s stock after selling 2,931 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Corelogic were worth $520,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. SeaBridge Investment Advisors LLC acquired a new stake in shares of Corelogic in the 1st quarter valued at $1,263,000. SG Americas Securities LLC boosted its stake in shares of Corelogic by 144.7% in the 1st quarter. SG Americas Securities LLC now owns 18,762 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 11,094 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Corelogic by 181.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,842 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 2,477 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Corelogic by 11.8% in the 1st quarter. Oakbrook Investments LLC now owns 9,500 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in shares of Corelogic by 10.6% in the 1st quarter. Cascade Investment Advisors Inc. now owns 30,490 shares of the business services provider’s stock valued at $1,136,000 after purchasing an additional 2,925 shares in the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on CLGX shares. Stephens downgraded shares of Corelogic from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $51.00 to $40.00 in a research note on Tuesday, January 29th. Zacks Investment Research raised Corelogic from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. SunTrust Banks lifted their price target on Corelogic to $42.00 and gave the company a “hold” rating in a report on Friday, April 26th. They noted that the move was a valuation call. ValuEngine raised Corelogic from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Robert W. Baird lifted their price target on Corelogic from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.30.
Corelogic stock opened at $40.28 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.22 and a quick ratio of 1.22. Corelogic Inc has a 12-month low of $31.87 and a 12-month high of $55.79. The stock has a market capitalization of $3.20 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The business had revenue of $417.71 million during the quarter, compared to analysts’ expectations of $404.20 million. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Corelogic Inc will post 2.14 EPS for the current fiscal year.
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CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
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