Fox Run Management L.L.C. bought a new stake in shares of CoreLogic, Inc. (NYSE:CLGX) during the second quarter, Holdings Channel reports. The fund bought 25,900 shares of the business services provider’s stock, valued at approximately $1,124,000. CoreLogic comprises 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 24th largest position.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in CoreLogic during the fourth quarter valued at approximately $125,000. Comerica Bank boosted its position in CoreLogic by 4.3% in the fourth quarter. Comerica Bank now owns 64,917 shares of the business services provider’s stock valued at $2,327,000 after buying an additional 2,663 shares during the last quarter. FMR LLC boosted its position in CoreLogic by 149.6% in the fourth quarter. FMR LLC now owns 702,662 shares of the business services provider’s stock valued at $25,879,000 after buying an additional 421,139 shares during the last quarter. Renaissance Technologies LLC boosted its position in CoreLogic by 824.1% in the fourth quarter. Renaissance Technologies LLC now owns 168,986 shares of the business services provider’s stock valued at $6,224,000 after buying an additional 150,700 shares during the last quarter. Finally, Norges Bank bought a new position in CoreLogic during the fourth quarter valued at approximately $30,208,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
CoreLogic, Inc. (NYSE CLGX) traded up 0.12% during trading on Monday, hitting $43.02. 107,395 shares of the stock traded hands. The firm’s 50-day moving average is $42.69 and its 200 day moving average is $39.74. CoreLogic, Inc. has a 52 week low of $34.59 and a 52 week high of $43.95. The stock has a market cap of $3.64 billion, a P/E ratio of 40.36 and a beta of 0.97.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.07. CoreLogic had a net margin of 4.87% and a return on equity of 16.42%. The business had revenue of $439.85 million during the quarter, compared to analyst estimates of $440.39 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. CoreLogic’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts forecast that CoreLogic, Inc. will post $2.28 earnings per share for the current fiscal year.
CLGX has been the topic of several research analyst reports. Zacks Investment Research raised shares of CoreLogic from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Barclays PLC raised their target price on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Robert W. Baird raised their target price on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, June 13th. Finally, BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.89.
In related news, Director J David Chatham sold 3,760 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $42.00, for a total value of $157,920.00. Following the completion of the transaction, the director now directly owns 4,770 shares in the company, valued at approximately $200,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Lee Widener sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $42.79, for a total value of $42,790.00. Following the completion of the transaction, the director now owns 9,354 shares of the company’s stock, valued at $400,257.66. The disclosure for this sale can be found here. Insiders sold a total of 6,010 shares of company stock valued at $252,773 over the last quarter. 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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