Tower Research Capital LLC TRC increased its position in shares of CoreLogic Inc. (NYSE:CLGX) by 174.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,394 shares of the company’s stock after buying an additional 3,432 shares during the period. Tower Research Capital LLC TRC’s holdings in CoreLogic were worth $208,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new stake in shares of CoreLogic during the first quarter valued at about $115,000. Huntington National Bank increased its stake in shares of CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock valued at $174,000 after buying an additional 1,685 shares during the period. LS Investment Advisors LLC increased its stake in shares of CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock valued at $206,000 after buying an additional 2,278 shares during the period. CrestPoint Capital Management LLC acquired a new stake in shares of CoreLogic during the second quarter valued at about $208,000. Finally, Glenmede Trust Co. NA increased its stake in shares of CoreLogic by 7.2% in the second quarter. Glenmede Trust Co. NA now owns 5,639 shares of the company’s stock valued at $216,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 85.59% of the company’s stock.
Shares of CoreLogic Inc. (NYSE:CLGX) opened at 39.80 on Thursday. The stock has a 50 day moving average price of $39.99 and a 200-day moving average price of $37.75. CoreLogic Inc. has a 52-week low of $30.73 and a 52-week high of $43.43. The firm has a market capitalization of $3.51 billion, a PE ratio of 26.59 and a beta of 1.06.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The firm had revenue of $500 million for the quarter, compared to analysts’ expectations of $485.55 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts forecast that CoreLogic Inc. will post $2.28 EPS for the current year.
A number of research firms recently issued reports on CLGX. Zacks Investment Research downgraded CoreLogic from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on CoreLogic from $44.50 to $43.00 and set a “market perform” rating for the company in a report on Monday, September 19th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $48.00 price objective on shares of CoreLogic in a report on Friday, August 19th. Barclays PLC increased their price objective on CoreLogic from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Finally, Monness Crespi & Hardt increased their price objective on CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.72.
In other news, SVP Stergios Theologides sold 4,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $38.74, for a total transaction of $154,960.00. Following the transaction, the senior vice president now directly owns 27,870 shares of the company’s stock, valued at $1,079,683.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Lee Widener sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $40.14, for a total value of $120,420.00. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
CoreLogic Company Profile
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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