CoreLogic, Inc. (CLGX) Shares Bought by Amalgamated Bank
Amalgamated Bank raised its holdings in CoreLogic, Inc. (NYSE:CLGX) by 22.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,316 shares of the business services provider’s stock after buying an additional 3,215 shares during the quarter. Amalgamated Bank’s holdings in CoreLogic were worth $751,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLGX. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CoreLogic by 9.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock worth $145,000 after purchasing an additional 283 shares in the last quarter. Greenwood Capital Associates LLC acquired a new stake in shares of CoreLogic during the 2nd quarter worth approximately $210,000. Laurion Capital Management LP acquired a new stake in shares of CoreLogic during the 1st quarter worth approximately $232,000. World Asset Management Inc acquired a new stake in shares of CoreLogic during the 1st quarter worth approximately $233,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of CoreLogic during the 2nd quarter worth approximately $239,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
CLGX has been the topic of several recent research reports. Barclays PLC lifted their price objective on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. Robert W. Baird lifted their price objective on CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th. BidaskClub raised CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. lifted their price objective on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.00.
In other news, General Counsel Stergios Theologides sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $44.00, for a total value of $220,000.00. Following the transaction, the general counsel now owns 63,806 shares of the company’s stock, valued at $2,807,464. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Martell sold 35,392 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was 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 in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. Insiders sold 71,242 shares of company stock worth $3,325,193 in the last ninety days. 1.20% of the stock is owned by company insiders.
CoreLogic, Inc. (CLGX) opened at 46.22 on Friday. The company’s 50 day moving average price is $46.15 and its 200 day moving average price is $43.11. The company has a market cap of $3.90 billion, a P/E ratio of 42.44 and a beta of 0.95. CoreLogic, Inc. has a 52-week low of $34.59 and a 52-week high of $48.02.
CoreLogic (NYSE:CLGX) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, beating the 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 company had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts anticipate that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
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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