CoreLogic, Inc. (CLGX) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp cut its position in CoreLogic, Inc. (NYSE:CLGX) by 13.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,312,391 shares of the business services provider’s stock after selling 198,442 shares during the period. Bank of New York Mellon Corp owned 1.56% of CoreLogic worth $56,931,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tyers Asset Management LLC boosted its position in CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock worth $133,000 after buying an additional 44 shares in the last quarter. Flinton Capital Management LLC boosted its position in CoreLogic by 1.4% in the first quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock worth $169,000 after buying an additional 56 shares in the last quarter. Neuburgh Advisers LLC boosted its position in CoreLogic by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock worth $205,000 after buying an additional 68 shares in the last quarter. Laurion Capital Management LP bought a new position in CoreLogic during the first quarter worth about $232,000. Finally, World Asset Management Inc bought a new position in CoreLogic during the first quarter worth about $233,000. 88.21% of the stock is owned by institutional investors and hedge funds.
Shares of CoreLogic, Inc. (NYSE:CLGX) opened at 47.41 on Friday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 43.54 and a beta of 0.95. The stock has a 50 day moving average of $45.23 and a 200-day moving average of $42.42. CoreLogic, Inc. has a 1-year low of $34.59 and a 1-year high of $47.45.
CoreLogic (NYSE:CLGX) last released its quarterly 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 net margin of 4.99% and a return on equity of 17.07%. The firm had revenue of $473.98 million during the quarter, compared to the consensus estimate of $478.72 million. During the same quarter in the prior year, the firm earned $0.65 EPS. CoreLogic’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts anticipate that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
A number of research analysts have issued reports on CLGX shares. Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, July 27th. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Robert W. Baird raised their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.00.
In related news, Director Mary Lee Widener sold 1,000 shares of the company’s stock in a transaction 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 sale, the director now owns 9,354 shares in the company, valued at approximately $400,257.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stergios Theologides sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total transaction of $220,000.00. Following the completion of the sale, the general counsel now owns 63,806 shares of the company’s stock, valued at approximately $2,807,464. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,650 shares of company stock valued at $610,034. 1.20% of the stock is owned by insiders.
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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