CoreLogic, Inc. (CLGX) Position Trimmed by Long Pond Capital LP
Long Pond Capital LP lowered its position in CoreLogic, Inc. (NYSE:CLGX) by 76.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 227,156 shares of the business services provider’s stock after selling 733,313 shares during the period. CoreLogic comprises approximately 0.4% of Long Pond Capital LP’s holdings, making the stock its 24th largest position. Long Pond Capital LP owned 0.28% of CoreLogic worth $10,499,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 38,094 shares during the last quarter. Hosking Partners LLP boosted its holdings 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 purchasing an additional 7,355 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings 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 purchasing an additional 6,278 shares during the last quarter. Bessemer Group Inc. boosted its holdings 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 purchasing an additional 81,221 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings 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 purchasing an additional 1,313 shares during the last quarter. 88.84% of the stock is owned by institutional investors.
Shares of CoreLogic, Inc. (NYSE:CLGX) opened at $43.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The stock has a market cap of $3,593.15, a PE ratio of 21.59, a PEG ratio of 1.94 and a beta of 0.84. CoreLogic, Inc. has a 1 year low of $34.59 and a 1 year high of $49.30.
CoreLogic (NYSE:CLGX) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm 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%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. sell-side analysts anticipate that CoreLogic, Inc. will post 2.04 earnings per share for the current fiscal year.
In related news, CEO Frank Martell sold 35,392 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $47.11, for a total value of $1,667,317.12. Following the sale, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Lee Widener sold 900 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the sale, the director now directly owns 8,434 shares in the company, valued at $393,867.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Several research analysts have commented on the stock. BidaskClub downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Friday, September 15th. William Blair cut shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 target price on shares of CoreLogic in a research report on Friday, October 27th. SunTrust Banks cut shares of CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a research report on Tuesday, November 28th. Finally, Zacks Investment Research cut shares of CoreLogic from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, five have issued 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 $46.50.
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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