Cornerstone Capital Management Holdings LLC. lessened its stake in Corelogic Inc (NYSE:CLGX) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,363 shares of the business services provider’s stock after selling 199,018 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.26% of Corelogic worth $9,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLGX. Invictus RG boosted its stake in shares of Corelogic by 98.4% during the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock worth $122,000 after buying an additional 1,306 shares during the period. AlphaOne Investment Services LLC acquired a new stake in shares of Corelogic during the fourth quarter worth about $132,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Corelogic during the fourth quarter worth about $140,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Corelogic by 46.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock worth $227,000 after buying an additional 1,570 shares during the period. Finally, Charter Trust Co. acquired a new stake in shares of Corelogic during the fourth quarter worth about $249,000. Institutional investors own 89.82% of the company’s stock.
Several brokerages have recently weighed in on CLGX. Compass Point downgraded shares of Corelogic from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a research note on Tuesday, February 6th. Robert W. Baird decreased their target price on shares of Corelogic from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of Corelogic in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Finally, Barclays reiterated a “buy” rating and set a $58.00 target price on shares of Corelogic in a research note on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Corelogic currently has an average rating of “Hold” and a consensus target price of $47.78.
In related news, insider Barry M. Sando sold 1,383 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $46.00, for a total transaction of $63,618.00. Following the completion of the transaction, the insider now directly owns 174,154 shares of the company’s stock, valued at $8,011,084. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
Corelogic stock opened at $46.49 on Monday. The stock has a market cap of $3,788.29, a PE ratio of 23.25, a P/E/G ratio of 1.83 and a beta of 0.89. Corelogic Inc has a 1-year low of $38.49 and a 1-year high of $49.30. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.67.
Corelogic (NYSE:CLGX) last posted its quarterly earnings results on Monday, February 26th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $454.16 million during the quarter, compared to analysts’ expectations of $450.54 million. Corelogic had a net margin of 8.22% and a return on equity of 16.73%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. analysts predict that Corelogic Inc will post 2.31 EPS for the current fiscal year.
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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. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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