Acadian Asset Management LLC increased its stake in Corelogic Inc (NYSE:CLGX) by 80.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,015 shares of the business services provider’s stock after purchasing an additional 207,045 shares during the quarter. Acadian Asset Management LLC owned approximately 0.58% of Corelogic worth $22,926,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of CLGX. Assenagon Asset Management S.A. acquired a new position in shares of Corelogic in the third quarter valued at $2,016,000. Russell Investments Group Ltd. raised its stake in shares of Corelogic by 401.7% in the third quarter. Russell Investments Group Ltd. now owns 45,935 shares of the business services provider’s stock valued at $2,277,000 after purchasing an additional 36,780 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Corelogic by 64.4% in the third quarter. First Trust Advisors LP now owns 204,972 shares of the business services provider’s stock valued at $10,128,000 after purchasing an additional 80,326 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Corelogic by 100.6% in the third quarter. Retirement Systems of Alabama now owns 212,104 shares of the business services provider’s stock valued at $10,480,000 after purchasing an additional 106,393 shares in the last quarter. Finally, First Quadrant L P CA raised its stake in shares of Corelogic by 31.9% in the third quarter. First Quadrant L P CA now owns 213,925 shares of the business services provider’s stock valued at $10,570,000 after purchasing an additional 51,799 shares in the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CLGX opened at $40.94 on Friday. Corelogic Inc has a fifty-two week low of $38.67 and a fifty-two week high of $55.79. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.55 and a beta of 0.60. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.69.
Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Corelogic had a net margin of 9.46% and a return on equity of 19.41%. The company had revenue of $451.77 million during the quarter, compared to the consensus estimate of $476.84 million. During the same quarter last year, the company earned $0.72 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis. As a group, research analysts predict that Corelogic Inc will post 2.36 EPS for the current fiscal year.
A number of research analysts recently commented on the company. ValuEngine lowered Corelogic from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Oppenheimer lowered their price target on Corelogic from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Compass Point lowered their price target on Corelogic from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Wolfe Research assumed coverage on Corelogic in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Co lowered their price target on Corelogic from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.60.
In other news, Director Paul F. Folino sold 3,400 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $49.28, for a total transaction of $167,552.00. Following the sale, the director now owns 11,002 shares in the company, valued at $542,178.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry M. Sando sold 16,700 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $50.03, for a total value of $835,501.00. Following the sale, the director now owns 158,246 shares in the company, valued at approximately $7,917,047.38. The disclosure for this sale can be found here. Insiders sold 31,350 shares of company stock worth $1,556,128 over the last quarter. Company insiders own 1.20% of the company’s stock.
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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