Magnetar Financial LLC Sells 15,199 Shares of CoreLogic, Inc. (CLGX)
Magnetar Financial LLC lessened its holdings in shares of CoreLogic, Inc. (NYSE:CLGX) by 56.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,835 shares of the business services provider’s stock after selling 15,199 shares during the quarter. Magnetar Financial LLC’s holdings in CoreLogic were worth $547,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of CoreLogic during the 2nd quarter valued at about $54,918,000. Banbury Partners LLC acquired a new position in CoreLogic in the second quarter valued at about $30,854,000. Canada Pension Plan Investment Board lifted its position in CoreLogic by 2,731.5% in the third quarter. Canada Pension Plan Investment Board now owns 375,771 shares of the business services provider’s stock valued at $17,368,000 after buying an additional 362,500 shares during the last quarter. Schroder Investment Management Group lifted its position in CoreLogic by 12.3% in the second quarter. Schroder Investment Management Group now owns 2,088,663 shares of the business services provider’s stock valued at $90,439,000 after buying an additional 229,129 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its position in CoreLogic by 220.7% in the third quarter. OxFORD Asset Management LLP now owns 297,052 shares of the business services provider’s stock valued at $13,791,000 after buying an additional 204,418 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors.
Shares of CoreLogic, Inc. (NYSE CLGX) opened at $45.34 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. CoreLogic, Inc. has a one year low of $34.59 and a one year high of $49.30. The firm has a market cap of $3,759.54, a P/E ratio of 22.59, a P/E/G ratio of 2.03 and a beta of 0.84.
CoreLogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The firm had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. analysts predict that CoreLogic, Inc. will post 2.04 EPS for the current fiscal year.
CLGX has been the topic of a number of recent research reports. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. William Blair lowered shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Barclays boosted their price target on shares of CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, SunTrust Banks lowered shares of CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.43.
In related news, Director Mary Lee Widener sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.70, for a total value of $42,030.00. Following the completion of the transaction, the director now directly owns 8,434 shares of the company’s stock, valued at $393,867.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
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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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