CoreLogic, Inc. (CLGX) Position Lifted by Neuberger Berman Group LLC
Neuberger Berman Group LLC boosted its position in CoreLogic, Inc. (NYSE:CLGX) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,360,517 shares of the business services provider’s stock after acquiring an additional 60,714 shares during the quarter. Neuberger Berman Group LLC owned 1.65% of CoreLogic worth $62,883,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in shares of CoreLogic during the second quarter worth $211,000. Invictus RG grew its stake in shares of CoreLogic by 98.4% during the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock worth $122,000 after buying an additional 1,306 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CoreLogic by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock worth $145,000 after buying an additional 283 shares during the last quarter. Covington Capital Management bought a new stake in shares of CoreLogic during the second quarter worth $202,000. Finally, Calamos Advisors LLC bought a new stake in shares of CoreLogic during the third quarter worth $218,000. 88.84% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on CLGX. SunTrust Banks cut shares of CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research note on Tuesday, November 28th. BidaskClub cut shares of CoreLogic from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. William Blair cut shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Barclays boosted their price objective on shares of CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.43.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. CoreLogic’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. analysts forecast that CoreLogic, Inc. will post 2.04 EPS for the current year.
In related news, Director Mary Lee Widener sold 900 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now owns 8,434 shares in the company, valued at $393,867.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.
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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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