Cipher Capital LP Increases Stake in CoreLogic, Inc. (CLGX)
Cipher Capital LP boosted its position in CoreLogic, Inc. (NYSE:CLGX) by 28.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,118 shares of the business services provider’s stock after buying an additional 24,051 shares during the period. Cipher Capital LP owned 0.13% of CoreLogic worth $4,690,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CLGX. Vanguard Group Inc. increased its position in CoreLogic by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock worth $293,729,000 after buying an additional 301,853 shares during the period. BlackRock Inc. increased its position in shares of CoreLogic by 13,378.0% in the first quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock worth $275,158,000 after buying an additional 6,707,190 shares during the last quarter. Bessemer Group Inc. increased its position in shares of CoreLogic by 43.1% in the second quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock worth $126,606,000 after buying an additional 879,164 shares during the last quarter. Schroder Investment Management Group increased its position in shares of CoreLogic by 1.1% in the first quarter. Schroder Investment Management Group now owns 1,859,534 shares of the business services provider’s stock worth $75,200,000 after buying an additional 21,021 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of CoreLogic by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,510,833 shares of the business services provider’s stock worth $61,521,000 after buying an additional 68,735 shares during the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.
CoreLogic, Inc. (NYSE CLGX) opened at 47.41 on Friday. The firm has a 50-day moving average price of $45.23 and a 200-day moving average price of $42.42. The firm has a market capitalization of $4.00 billion, a P/E ratio of 43.54 and a beta of 0.95. CoreLogic, Inc. has a 52 week low of $34.59 and a 52 week high of $47.45.
CoreLogic (NYSE:CLGX) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $473.98 million for the quarter, compared to analysts’ expectations of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Equities analysts forecast that CoreLogic, Inc. will post $2.33 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/02/cipher-capital-lp-increases-stake-in-corelogic-inc-clgx.html.
A number of equities analysts have commented on the company. BidaskClub upgraded CoreLogic from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded CoreLogic from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 target price on shares of CoreLogic in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. lifted their target price on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird lifted their target price on CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. CoreLogic has a consensus rating of “Hold” and a consensus target price of $45.00.
In other CoreLogic news, Director Paul F. Folino sold 1,750 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.24, for a total transaction of $79,170.00. Following the sale, the director now directly owns 9,462 shares of the company’s stock, valued at $428,060.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stergios Theologides sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.42, for a total transaction of $227,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 13,650 shares of company stock worth $610,034. 1.20% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding CLGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreLogic, Inc. (NYSE:CLGX).
Receive News & Stock Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related stocks with our FREE daily email newsletter.