The Suntrust Banks Inc. Decreases Stake in CoreLogic Inc. (CLGX)

The Suntrust Banks Inc. Decreases Stake in CoreLogic Inc. (CLGX)

Suntrust Banks Inc. lowered its stake in CoreLogic Inc. (NYSE:CLGX) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 16,410 shares of the company’s stock after selling 118 shares during the period. Suntrust Banks Inc.’s holdings in CoreLogic were worth $642,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLGX. Capstone Asset Management Co. increased its position in CoreLogic by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,662 shares of the company’s stock valued at $295,000 after buying an additional 260 shares in the last quarter. LS Investment Advisors LLC increased its position in CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock valued at $206,000 after buying an additional 2,278 shares in the last quarter. Oakbrook Investments LLC increased its position in CoreLogic by 23.8% in the second quarter. Oakbrook Investments LLC now owns 9,100 shares of the company’s stock valued at $350,000 after buying an additional 1,750 shares in the last quarter. Bank of Montreal Can purchased a new position in CoreLogic during the second quarter valued at about $3,691,000. Finally, Stoneridge Investment Partners LLC purchased a new position in CoreLogic during the second quarter valued at about $1,524,000. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CoreLogic Inc. (NYSE:CLGX) traded down 0.78% during trading on Thursday, reaching $35.50. 318,542 shares of the company were exchanged. The stock’s 50-day moving average is $36.77 and its 200-day moving average is $39.05. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 22.64 and a beta of 0.93. CoreLogic Inc. has a 52-week low of $31.63 and a 52-week high of $43.43.

CoreLogic (NYSE:CLGX) last issued its quarterly earnings results on Monday, October 24th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $524 million for the quarter, compared to analyst estimates of $502.40 million. CoreLogic had a net margin of 7.53% and a return on equity of 15.64%. CoreLogic’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities research analysts predict that CoreLogic Inc. will post $2.35 earnings per share for the current fiscal year.

Several analysts have commented on CLGX shares. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $45.00 target price on shares of CoreLogic in a research report on Thursday, October 27th. Barclays PLC reiterated a “buy” rating on shares of CoreLogic in a research report on Thursday, November 3rd. Piper Jaffray Cos. cut shares of CoreLogic from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $49.00 to $40.00 in a research report on Monday, November 14th. Finally, Deutsche Bank AG started coverage on shares of CoreLogic in a research report on Tuesday, December 6th. They set a “sell” rating and a $33.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. CoreLogic currently has a consensus rating of “Hold” and a consensus target price of $41.95.

In other news, COO Frank Martell bought 4,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average price of $37.27 per share, with a total value of $149,080.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anand K. Nallathambi sold 20,000 shares of CoreLogic stock in a transaction on Friday, December 30th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the insider now directly owns 186,047 shares of the company’s stock, valued at approximately $6,865,134.30. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.

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