Neuburgh Advisers LLC cut its position in Corelogic Inc (NYSE:CLGX) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,862 shares of the business services provider’s stock after selling 9,792 shares during the period. Neuburgh Advisers LLC’s holdings in Corelogic were worth $815,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Corelogic during the 1st quarter valued at about $25,000. AlphaOne Investment Services LLC boosted its stake in Corelogic by 18.5% during the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 264 shares during the last quarter. Group One Trading L.P. boosted its stake in Corelogic by 49.0% during the 1st quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 848 shares during the last quarter. NumerixS Investment Technologies Inc boosted its stake in Corelogic by 68.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,304 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Corelogic by 181.5% during 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 during the last quarter. Institutional investors own 90.35% of the company’s stock.
Shares of NYSE CLGX opened at $42.33 on Friday. Corelogic Inc has a twelve month low of $31.87 and a twelve month high of $55.56. The company has a market capitalization of $3.42 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.80 and a beta of 0.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.71.
Corelogic (NYSE:CLGX) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The firm had revenue of $417.71 million for the quarter, compared to the consensus estimate of $404.20 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. On average, analysts forecast that Corelogic Inc will post 2.14 EPS for the current fiscal year.
A number of research firms have issued reports on CLGX. Zacks Investment Research upgraded Corelogic from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine upgraded Corelogic from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. SunTrust Banks lifted their price target on Corelogic to $42.00 and gave the company a “hold” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. 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 research note on Thursday, February 28th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.30.
In related news, Director Mary Lee Widener sold 1,900 shares of Corelogic stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $40.00, for a total value of $76,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas C. Curling sold 15,000 shares of Corelogic stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $41.00, for a total transaction of $615,000.00. The disclosure for this sale can be found here. Insiders sold a total of 25,840 shares of company stock worth $1,062,405 in the last 90 days. Company insiders own 1.10% of the company’s stock.
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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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