Goldman Sachs Group Inc. Reduces Position in Corelogic Inc (CLGX)
Goldman Sachs Group Inc. reduced its position in shares of Corelogic Inc (NYSE:CLGX) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 630,593 shares of the business services provider’s stock after selling 201,907 shares during the quarter. Goldman Sachs Group Inc. owned about 0.77% of Corelogic worth $29,140,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC acquired a new position in Corelogic during the 4th quarter worth approximately $969,000. Deutsche Bank AG raised its stake in Corelogic by 108.3% during the 4th quarter. Deutsche Bank AG now owns 266,625 shares of the business services provider’s stock worth $12,318,000 after buying an additional 138,616 shares during the period. Renaissance Technologies LLC raised its stake in Corelogic by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 195,986 shares of the business services provider’s stock worth $9,057,000 after buying an additional 1,382 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Corelogic during the 4th quarter worth approximately $140,000. Finally, AXA raised its stake in Corelogic by 276.8% during the 4th quarter. AXA now owns 90,051 shares of the business services provider’s stock worth $4,161,000 after buying an additional 66,151 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on CLGX shares. Barclays reissued a “buy” rating and set a $58.00 price objective on shares of Corelogic in a report on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price objective on shares of Corelogic in a report on Tuesday, February 27th. Zacks Investment Research raised Corelogic from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. SunTrust Banks lowered Corelogic from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Tuesday, November 28th. Finally, Compass Point started coverage on Corelogic in a report on Wednesday, January 3rd. They set a “neutral” rating and a $49.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $47.78.
Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $454.16 million during the quarter, compared to analyst estimates of $450.54 million. Corelogic had a return on equity of 16.73% and a net margin of 8.22%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. sell-side analysts predict that Corelogic Inc will post 2.31 earnings per share for the current fiscal year.
In other news, insider Barry M. Sando sold 1,383 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $46.00, for a total value of $63,618.00. Following the completion of the transaction, the insider now directly owns 174,154 shares of the company’s stock, valued at $8,011,084. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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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