Engineers Gate Manager LP Acquires Shares of 19,869 CoreLogic, Inc. (CLGX)

Engineers Gate Manager LP acquired a new position in shares of CoreLogic, Inc. (NYSE:CLGX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,869 shares of the business services provider’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Invictus RG boosted its position in shares of CoreLogic by 98.4% during the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoreLogic by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after buying an additional 283 shares during the period. Covington Capital Management purchased a new position in shares of CoreLogic during the second quarter valued at approximately $202,000. Greenwood Capital Associates LLC purchased a new position in shares of CoreLogic during the second quarter valued at approximately $210,000. Finally, ETF Managers Group LLC purchased a new position in shares of CoreLogic during the second quarter valued at approximately $211,000. 88.84% of the stock is currently owned by institutional investors.

Shares of CoreLogic, Inc. (NYSE CLGX) opened at $45.30 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3,734.83, a P/E ratio of 22.45, a P/E/G ratio of 2.02 and a beta of 0.84. CoreLogic, Inc. has a twelve month low of $34.59 and a twelve month high of $49.30.

CoreLogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $483.10 million during the quarter, compared to analyst estimates of $490.09 million. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. CoreLogic’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. research analysts expect that CoreLogic, Inc. will post 2.04 EPS for the current fiscal year.

A number of brokerages recently issued reports on CLGX. BidaskClub upgraded CoreLogic from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. SunTrust Banks lowered CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Tuesday, November 28th. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of CoreLogic in a report on Friday, October 27th. William Blair lowered CoreLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Finally, Barclays boosted their price target on CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $48.43.

In other CoreLogic news, Director Mary Lee Widener sold 900 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the sale, the director now owns 8,434 shares in the company, valued at $393,867.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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About CoreLogic

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.

Institutional Ownership by Quarter for CoreLogic (NYSE:CLGX)

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