New York State Common Retirement Fund increased its stake in Corelogic Inc (NYSE:CLGX) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,100 shares of the business services provider’s stock after buying an additional 9,695 shares during the quarter. New York State Common Retirement Fund owned about 0.24% of Corelogic worth $9,156,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Corelogic by 536.2% in the second quarter. Russell Investments Group Ltd. now owns 45,198 shares of the business services provider’s stock worth $1,961,000 after purchasing an additional 38,094 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Corelogic by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 50,679 shares of the business services provider’s stock valued at $2,198,000 after buying an additional 294 shares during the period. Arizona State Retirement System increased its stake in shares of Corelogic by 1.7% during the second quarter. Arizona State Retirement System now owns 35,700 shares of the business services provider’s stock valued at $1,549,000 after buying an additional 600 shares during the period. First Trust Advisors LP increased its stake in shares of Corelogic by 20.6% during the second quarter. First Trust Advisors LP now owns 246,587 shares of the business services provider’s stock valued at $10,697,000 after buying an additional 42,192 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Corelogic by 68.6% during the second quarter. SG Americas Securities LLC now owns 37,366 shares of the business services provider’s stock valued at $1,621,000 after buying an additional 15,210 shares during the period. Institutional investors own 88.80% of the company’s stock.
Shares of Corelogic Inc (CLGX) traded up $0.19 during midday trading on Friday, reaching $46.81. The company’s stock had a trading volume of 297,540 shares, compared to its average volume of 414,040. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. Corelogic Inc has a fifty-two week low of $34.59 and a fifty-two week high of $49.30. The firm has a market capitalization of $3,840.27, a P/E ratio of 44.16, a PEG ratio of 2.00 and a beta of 0.84.
Corelogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. Corelogic had a return on equity of 17.10% and a net margin of 4.86%. The firm had revenue of $483.10 million during the quarter, compared to the consensus estimate of $490.09 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year. analysts expect that Corelogic Inc will post 2.04 EPS for the current year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Corelogic from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. BidaskClub lowered Corelogic from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. William Blair lowered Corelogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Compass Point assumed coverage on Corelogic in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, Barclays reiterated a “buy” rating and issued a $58.00 target price on shares of Corelogic in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Corelogic currently has a consensus rating of “Hold” and a consensus target price of $49.25.
In related news, Director Mary Lee Widener sold 900 shares of Corelogic stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the sale, the director now owns 8,434 shares of the company’s stock, valued at $393,867.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.
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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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