Janus Henderson Group PLC Has $2.91 Million Position in Corelogic Inc (NYSE:CLGX)

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Janus Henderson Group PLC decreased its position in shares of Corelogic Inc (NYSE:CLGX) by 67.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,000 shares of the business services provider’s stock after selling 113,500 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Corelogic worth $2,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CLGX. Principal Financial Group Inc. boosted its stake in Corelogic by 1.5% in the first quarter. Principal Financial Group Inc. now owns 361,506 shares of the business services provider’s stock valued at $16,350,000 after buying an additional 5,393 shares in the last quarter. Trexquant Investment LP acquired a new stake in Corelogic in the second quarter valued at about $484,000. Mutual of America Capital Management LLC boosted its stake in Corelogic by 4.9% in the second quarter. Mutual of America Capital Management LLC now owns 70,158 shares of the business services provider’s stock valued at $3,641,000 after buying an additional 3,293 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Corelogic by 8.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 473,474 shares of the business services provider’s stock valued at $21,416,000 after buying an additional 35,758 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Corelogic by 1.6% during the second quarter. Martingale Asset Management L P now owns 307,264 shares of the business services provider’s stock valued at $15,948,000 after purchasing an additional 4,787 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

CLGX has been the topic of a number of recent research reports. Zacks Investment Research lowered Corelogic from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine lowered Corelogic from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies cut their price target on Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Wolfe Research started coverage on Corelogic in a research note on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Co lifted their price objective on Corelogic from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Corelogic currently has an average rating of “Hold” and an average price target of $50.11.

CLGX stock traded up $0.59 during mid-day trading on Friday, reaching $45.49. The company’s stock had a trading volume of 601,277 shares, compared to its average volume of 446,128. The company has a market cap of $4.00 billion, a P/E ratio of 23.33, a PEG ratio of 1.85 and a beta of 0.60. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.31 and a current ratio of 1.31. Corelogic Inc has a 12 month low of $42.00 and a 12 month high of $55.79.

Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, July 25th. The business services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.20. The business had revenue of $488.40 million during the quarter, compared to the consensus estimate of $476.74 million. Corelogic had a return on equity of 20.14% and a net margin of 9.74%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. On average, research analysts predict that Corelogic Inc will post 2.43 earnings per share for the current year.

In other news, Director Mary Lee Widener sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $48.19, for a total transaction of $30,118.75. Following the completion of the sale, the director now owns 9,319 shares in the company, valued at $449,082.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul F. Folino sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $49.28, for a total value of $167,552.00. Following the sale, the director now owns 11,002 shares of the company’s stock, valued at approximately $542,178.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,975 shares of company stock valued at $1,586,247. 1.10% of the stock is currently owned by corporate insiders.

About Corelogic

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

Further Reading: Bond

Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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