First American Trust FSB decreased its stake in Corelogic Inc (NYSE:CLGX) by 57.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 96,290 shares of the business services provider’s stock after selling 131,464 shares during the quarter. Corelogic comprises approximately 1.2% of First American Trust FSB’s portfolio, making the stock its 26th largest position. First American Trust FSB’s holdings in Corelogic were worth $4,998,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Corelogic in the fourth quarter worth about $140,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Corelogic in the first quarter worth about $213,000. TLP Group LLC boosted its position in shares of Corelogic by 8,732.7% in the first quarter. TLP Group LLC now owns 4,858 shares of the business services provider’s stock worth $220,000 after buying an additional 4,803 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Corelogic in the first quarter worth about $223,000. Finally, Prana Capital Management LP purchased a new stake in shares of Corelogic in the fourth quarter worth about $249,000. 90.75% of the stock is owned by institutional investors.
In other Corelogic news, CEO Frank Martell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the sale, the chief executive officer now owns 292,343 shares in the company, valued at $14,947,497.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Lee Widener sold 800 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $51.19, for a total value of $40,952.00. Following the sale, the director now owns 9,944 shares in the company, valued at approximately $509,033.36. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of research analysts recently commented on CLGX shares. Zacks Investment Research downgraded Corelogic from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Compass Point raised Corelogic from a “sell” rating to a “neutral” rating and increased their price target for the company from $42.00 to $46.00 in a report on Friday, April 27th. Wells Fargo & Co increased their price target on Corelogic from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, June 25th. Finally, ValuEngine raised Corelogic from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.10.
Corelogic traded up $0.26, hitting $52.82, on Friday, according to Marketbeat. 9,199 shares of the stock traded hands, compared to its average volume of 407,771. Corelogic Inc has a twelve month low of $42.00 and a twelve month high of $55.79. The stock has a market capitalization of $4.27 billion, a P/E ratio of 27.11, a PEG ratio of 1.99 and a beta of 0.85. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.96.
Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. Corelogic had a return on equity of 18.27% and a net margin of 8.89%. The firm had revenue of $444.90 million for the quarter, compared to analysts’ expectations of $435.03 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Corelogic’s revenue for the quarter was up 1.1% compared to the same quarter last year. analysts anticipate that Corelogic Inc will post 2.38 EPS for the current year.
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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