Alliancebernstein L.P. Has $2.57 Million Position in CoreLogic, Inc. (CLGX)
Alliancebernstein L.P. boosted its position in CoreLogic, Inc. (NYSE:CLGX) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,191 shares of the business services provider’s stock after buying an additional 2,490 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of CoreLogic worth $2,568,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CLGX. BlackRock Inc. lifted its holdings in CoreLogic by 13,378.0% in the first quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock valued at $275,158,000 after acquiring an additional 6,707,190 shares during the period. Bessemer Group Inc. lifted its holdings in CoreLogic by 43.1% in the second quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after acquiring an additional 879,164 shares during the period. Vanguard Group Inc. lifted its holdings 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 valued at $293,729,000 after acquiring an additional 301,853 shares during the period. First American Trust FSB lifted its holdings in CoreLogic by 796.2% in the second quarter. First American Trust FSB now owns 286,935 shares of the business services provider’s stock valued at $12,448,000 after acquiring an additional 254,919 shares during the period. Finally, YG Partners LLC acquired a new stake in CoreLogic in the first quarter valued at $9,426,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.
CoreLogic, Inc. (NYSE CLGX) opened at 49.01 on Friday. CoreLogic, Inc. has a 1-year low of $34.59 and a 1-year high of $49.14. The firm has a market cap of $4.13 billion, a P/E ratio of 45.00 and a beta of 0.93. The stock’s 50 day moving average price is $46.81 and its 200 day moving average price is $43.92.
CoreLogic (NYSE:CLGX) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The business had revenue of $473.98 million during the quarter, compared to analysts’ expectations of $478.72 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts predict that CoreLogic, Inc. will post $2.33 EPS for the current year.
A number of equities research analysts have commented on the company. BidaskClub raised CoreLogic from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research downgraded CoreLogic from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 target price on shares of CoreLogic in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. raised 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.00.
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In related news, CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the transaction, the chief executive officer now owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul F. Folino sold 1,750 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.24, for a total value of $79,170.00. Following the transaction, the director now directly owns 9,462 shares of the company’s stock, valued at approximately $428,060.88. The disclosure for this sale can be found here. Insiders have sold 66,242 shares of company stock valued at $3,105,193 in the last ninety days. Company insiders own 1.20% of the company’s stock.
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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