Guggenheim Capital LLC cut its holdings in shares of Corelogic Inc (NYSE:CLGX) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,261 shares of the business services provider’s stock after selling 27,667 shares during the period. Guggenheim Capital LLC owned 0.23% of Corelogic worth $8,513,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG increased its stake in shares of Corelogic by 59.7% during the first quarter. UBS Group AG now owns 15,140 shares of the business services provider’s stock valued at $684,000 after buying an additional 5,657 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Corelogic by 54.6% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,674 shares of the business services provider’s stock valued at $754,000 after buying an additional 5,886 shares during the period. Profund Advisors LLC increased its stake in shares of Corelogic by 16.5% during the first quarter. Profund Advisors LLC now owns 11,949 shares of the business services provider’s stock valued at $540,000 after buying an additional 1,689 shares during the period. Principal Financial Group Inc. increased its stake in shares of Corelogic by 1.5% during the first quarter. Principal Financial Group Inc. now owns 361,506 shares of the business services provider’s stock valued at $16,350,000 after buying an additional 5,393 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Corelogic during the first quarter valued at approximately $472,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.
Corelogic opened at $51.87 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.27 and a current ratio of 1.27. Corelogic Inc has a twelve month low of $42.00 and a twelve month high of $55.79. The company has a market cap of $4.21 billion, a P/E ratio of 23.56, a PEG ratio of 1.97 and a beta of 0.90.
Corelogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. Corelogic had a return on equity of 18.27% and a net margin of 8.89%. The company had revenue of $444.90 million for the quarter, compared to analyst estimates of $435.03 million. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. research analysts predict that Corelogic Inc will post 2.38 EPS for the current fiscal year.
In other Corelogic news, Director Mary Lee Widener sold 800 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $51.19, for a total value of $40,952.00. Following the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $509,033.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Martell sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the sale, the chief executive officer now directly owns 292,343 shares in the company, valued at $14,947,497.59. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
CLGX has been the topic of several research analyst reports. Zacks Investment Research raised Corelogic from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, April 3rd. ValuEngine raised Corelogic from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Compass Point raised Corelogic from a “sell” rating to a “neutral” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Friday, April 27th. Finally, Wells Fargo & Co boosted their target price on Corelogic from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $49.10.
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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