Capstone Asset Management Co. raised its stake in CoreLogic Inc. (NYSE:CLGX) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,662 shares of the company’s stock after buying an additional 260 shares during the period. Capstone Asset Management Co.’s holdings in CoreLogic were worth $295,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in CoreLogic during the first quarter valued at $115,000. Schonfeld Strategic Advisors LLC purchased a new stake in CoreLogic during the first quarter valued at $294,000. Rafferty Asset Management LLC raised its stake in CoreLogic by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 11,908 shares of the company’s stock valued at $413,000 after buying an additional 3,932 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in CoreLogic during the first quarter valued at $507,000. Finally, UBS Group AG raised its stake in CoreLogic by 82.7% in the first quarter. UBS Group AG now owns 19,270 shares of the company’s stock valued at $668,000 after buying an additional 8,721 shares during the last quarter. 85.59% of the stock is owned by hedge funds and other institutional investors.
Shares of CoreLogic Inc. (NYSE:CLGX) traded down 0.92% during trading on Friday, reaching $39.86. 423,621 shares of the company’s stock were exchanged. The stock has a market cap of $3.52 billion, a PE ratio of 26.63 and a beta of 1.06. CoreLogic Inc. has a 52-week low of $30.73 and a 52-week high of $43.43. The stock’s 50 day moving average price is $39.90 and its 200-day moving average price is $37.59.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The company earned $500 million during the quarter, compared to the consensus estimate of $485.55 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. On average, equities research analysts forecast that CoreLogic Inc. will post $2.28 EPS for the current year.
Several analysts have recently weighed in on the stock. Monness Crespi & Hardt raised their price objective on shares of CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Piper Jaffray Cos. reissued a “buy” rating and issued a $48.00 price target on shares of CoreLogic in a report on Tuesday, June 21st. Keefe, Bruyette & Woods raised their price target on shares of CoreLogic from $41.00 to $44.50 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Barclays PLC raised their price target on shares of CoreLogic from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Finally, Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.72.
In other news, CEO Anand K. Nallathambi sold 36,668 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $38.02, for a total transaction of $1,394,117.36. Following the completion of the sale, the chief executive officer now owns 226,047 shares of the company’s stock, valued at approximately $8,594,306.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Barry M. Sando sold 45,387 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $39.50, for a total transaction of $1,792,786.50. Following the sale, the executive vice president now directly owns 159,615 shares of the company’s stock, valued at approximately $6,304,792.50. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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