Goldman Sachs Group Inc. Has $31.47 Million Position in CoreLogic, Inc. (NYSE:CLGX)
Goldman Sachs Group Inc. lowered its stake in CoreLogic, Inc. (NYSE:CLGX) by 18.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 772,899 shares of the business services provider’s stock after selling 169,104 shares during the period. Goldman Sachs Group Inc. owned about 0.91% of CoreLogic worth $31,472,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLGX. Tyers Asset Management LLC boosted its position in CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock valued at $133,000 after buying an additional 44 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in CoreLogic during the fourth quarter valued at about $125,000. Flinton Capital Management LLC boosted its position in CoreLogic by 1.4% in the first quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock valued at $169,000 after buying an additional 56 shares in the last quarter. Huntington National Bank boosted its position in CoreLogic by 24.9% in the first quarter. Huntington National Bank now owns 4,640 shares of the business services provider’s stock valued at $189,000 after buying an additional 925 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its position in CoreLogic by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after buying an additional 68 shares in the last quarter. 89.80% of the stock is owned by hedge funds and other institutional investors.
CoreLogic, Inc. (CLGX) traded down 0.07% during mid-day trading on Thursday, reaching $45.37. The company’s stock had a trading volume of 294,484 shares. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $45.99. The firm has a market capitalization of $3.83 billion, a PE ratio of 41.25 and a beta of 0.97. The stock’s 50-day moving average is $43.61 and its 200-day moving average is $40.92.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The company had revenue of $473.98 million during the quarter, compared to the consensus estimate of $478.72 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that CoreLogic, Inc. will post $2.33 EPS for the current year.
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a research report on Thursday, July 27th. BidaskClub cut CoreLogic from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday. Oppenheimer Holdings, Inc. boosted their target price on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Robert W. Baird boosted their target price on CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.00.
In other news, Director Mary Lee Widener sold 1,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $42.79, for a total transaction of $42,790.00. Following the completion of the sale, the director now owns 9,354 shares of the company’s stock, valued at $400,257.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J David Chatham sold 3,760 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $42.00, for a total transaction of $157,920.00. Following the sale, the director now directly owns 4,770 shares of the company’s stock, valued at approximately $200,340. The disclosure for this sale can be found here. Insiders have sold 11,410 shares of company stock valued at $490,997 in the last three months. 1.20% of the stock is owned by insiders.
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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