Millennium Management LLC increased its position in shares of Corelogic Inc (NYSE:CLGX) by 121.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,575 shares of the business services provider’s stock after purchasing an additional 270,196 shares during the period. Millennium Management LLC owned 0.62% of Corelogic worth $22,791,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Knuff & Co LLC bought a new position in Corelogic in the 3rd quarter worth $28,000. Advisor Group Inc. boosted its stake in shares of Corelogic by 65.8% in the second quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock worth $57,000 after acquiring an additional 538 shares during the period. US Bancorp DE boosted its stake in shares of Corelogic by 29.6% in the second quarter. US Bancorp DE now owns 3,563 shares of the business services provider’s stock worth $149,000 after acquiring an additional 813 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Corelogic during the second quarter worth about $205,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Corelogic by 10.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,073 shares of the business services provider’s stock worth $235,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.
Shares of Corelogic stock opened at $41.15 on Tuesday. Corelogic Inc has a twelve month low of $31.87 and a twelve month high of $49.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $41.75 and a 200-day moving average price of $43.89. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.57 and a beta of 0.69.
Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. The company had revenue of $458.96 million for the quarter, compared to the consensus estimate of $457.49 million. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that Corelogic Inc will post 2.39 EPS for the current fiscal year.
A number of research firms recently commented on CLGX. Barclays initiated coverage on Corelogic in a report on Wednesday, August 21st. They issued an “overweight” rating and a $54.00 price target on the stock. ValuEngine downgraded Corelogic from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. TheStreet lowered shares of Corelogic from a “b-” rating to a “c” rating in a report on Friday, November 8th. Deutsche Bank cut shares of Corelogic from a “hold” rating to a “sell” rating and reduced their price objective for the company from $43.00 to $39.00 in a research report on Thursday, October 24th. Finally, Wolfe Research downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.63.
In related news, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $46.04, for a total transaction of $345,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James L. Balas sold 2,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $38.84, for a total transaction of $77,680.00. Following the transaction, the chief financial officer now owns 81,703 shares of the company’s stock, valued at approximately $3,173,344.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,500 shares of company stock worth $611,253. Corporate insiders own 1.10% of the company’s stock.
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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