Shelton Capital Management Purchases Shares of 6,512 CoreLogic, Inc. (CLGX)
Shelton Capital Management purchased a new stake in CoreLogic, Inc. (NYSE:CLGX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,512 shares of the business services provider’s stock, valued at approximately $282,000.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CoreLogic by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after buying an additional 301,853 shares during the period. BlackRock Inc. increased its stake in CoreLogic by 0.3% in the 2nd quarter. BlackRock Inc. now owns 6,776,233 shares of the business services provider’s stock valued at $293,953,000 after buying an additional 18,907 shares during the period. Bessemer Group Inc. increased its stake in CoreLogic by 43.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after buying an additional 879,164 shares during the period. Schroder Investment Management Group increased its stake in CoreLogic by 12.3% in the 2nd 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 period. Finally, Dimensional Fund Advisors LP increased its stake in CoreLogic by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,647,527 shares of the business services provider’s stock valued at $71,470,000 after buying an additional 79,447 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.
Several equities analysts have issued reports on CLGX shares. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. boosted their price objective on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 price objective on shares of CoreLogic in a research note on Thursday, July 27th. One research 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. CoreLogic currently has a consensus rating of “Hold” and an average price target of $45.00.
In other CoreLogic news, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the sale, the insider now directly owns 156,661 shares in the company, valued at approximately $7,364,633.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul F. Folino sold 1,750 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total value of $79,170.00. Following the sale, the director now owns 9,462 shares of the company’s stock, valued at $428,060.88. The disclosure for this sale can be found here. Insiders sold a total of 66,242 shares of company stock worth $3,105,193 in the last three months. 1.20% of the stock is currently owned by company insiders.
CoreLogic, Inc. (NYSE CLGX) opened at 49.10 on Monday. The firm has a 50-day moving average of $46.91 and a 200-day moving average of $44.05. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 45.09 and a beta of 0.93. CoreLogic, Inc. has a 12-month low of $34.59 and a 12-month high of $49.21.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The firm had revenue of $473.98 million for the quarter, compared to analysts’ expectations of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. CoreLogic’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts forecast that CoreLogic, Inc. will post $2.33 earnings per share for the current fiscal year.
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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