CoreLogic, Inc. (CLGX) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its stake in CoreLogic, Inc. (NYSE:CLGX) by 149.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,158 shares of the business services provider’s stock after purchasing an additional 9,072 shares during the period. Sei Investments Co.’s holdings in CoreLogic were worth $700,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of CoreLogic by 536.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 45,198 shares of the business services provider’s stock valued at $1,961,000 after acquiring an additional 38,094 shares during the period. Hosking Partners LLP grew its position in shares of CoreLogic by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 460,102 shares of the business services provider’s stock valued at $19,959,000 after acquiring an additional 7,355 shares during the period. Bessemer Group Inc. grew its position in shares of CoreLogic by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,999,746 shares of the business services provider’s stock valued at $138,649,000 after acquiring an additional 81,221 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of CoreLogic by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 116,546 shares of the business services provider’s stock valued at $5,056,000 after acquiring an additional 6,278 shares during the period. Finally, Aperio Group LLC grew its position in shares of CoreLogic by 9.3% during the 2nd quarter. Aperio Group LLC now owns 15,375 shares of the business services provider’s stock valued at $667,000 after acquiring an additional 1,313 shares during the period. 88.84% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on CLGX. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Barclays boosted their price objective on shares of CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 target price on shares of CoreLogic in a research note on Friday, October 27th. Zacks Investment Research cut shares of CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, William Blair cut shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. CoreLogic currently has an average rating of “Hold” and a consensus price target of $48.43.
CoreLogic, Inc. (NYSE CLGX) opened at $45.47 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. CoreLogic, Inc. has a one year low of $34.59 and a one year high of $49.30. The firm has a market cap of $3,745.55, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.03 and a beta of 0.84.
CoreLogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The company had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. During the same quarter in the previous year, the company earned $0.73 EPS. CoreLogic’s revenue for the quarter was down 7.8% on a year-over-year basis. research analysts expect that CoreLogic, Inc. will post 2.04 earnings per share for the current 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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