Banbury Partners LLC Decreases Holdings in Corelogic Inc (CLGX)

Banbury Partners LLC decreased its position in Corelogic Inc (NYSE:CLGX) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 679,200 shares of the business services provider’s stock after selling 32,056 shares during the quarter. Corelogic accounts for about 7.7% of Banbury Partners LLC’s holdings, making the stock its 4th biggest holding. Banbury Partners LLC owned 0.82% of Corelogic worth $31,393,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Aperio Group LLC raised its holdings in Corelogic by 9.3% during the second quarter. Aperio Group LLC now owns 15,375 shares of the business services provider’s stock worth $667,000 after purchasing an additional 1,313 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Corelogic by 536.2% during the second quarter. Russell Investments Group Ltd. now owns 45,198 shares of the business services provider’s stock worth $1,961,000 after purchasing an additional 38,094 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Corelogic by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 50,679 shares of the business services provider’s stock worth $2,198,000 after purchasing an additional 294 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Corelogic during the second quarter worth approximately $284,000. Finally, World Asset Management Inc raised its holdings in Corelogic by 2.1% during the second quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock worth $254,000 after purchasing an additional 120 shares in the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Corelogic from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub upgraded shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Barclays raised their target price on shares of Corelogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 target price on shares of Corelogic in a research report on Friday, October 27th. Finally, SunTrust Banks lowered shares of Corelogic from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a research report 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.43.

In related news, Director Mary Lee Widener sold 900 shares of Corelogic stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now directly owns 8,434 shares in the company, valued at approximately $393,867.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Corelogic Inc (CLGX) traded up $0.36 during trading hours on Friday, reaching $46.21. 431,307 shares of the company were exchanged, compared to its average volume of 534,941. Corelogic Inc has a 1 year low of $34.59 and a 1 year high of $49.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The stock has a market cap of $3,810.00, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 2.04 and a beta of 0.84.

Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corelogic had a net margin of 6.43% and a return on equity of 12.02%. The firm had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. During the same period last year, the firm posted $0.73 EPS. Corelogic’s quarterly revenue was down 7.8% on a year-over-year basis. equities research analysts anticipate that Corelogic Inc will post 2.04 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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