BB&T Securities LLC Purchases 9,550 Shares of Corelogic Inc (NYSE:CLGX)

BB&T Securities LLC lifted its position in shares of Corelogic Inc (NYSE:CLGX) by 70.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,100 shares of the business services provider’s stock after acquiring an additional 9,550 shares during the period. BB&T Securities LLC’s holdings in Corelogic were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CLGX. First Trust Advisors LP lifted its holdings in shares of Corelogic by 56.8% during the 1st quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock worth $6,375,000 after acquiring an additional 62,013 shares during the period. DNB Asset Management AS bought a new stake in shares of Corelogic during the 2nd quarter worth approximately $4,585,000. Retirement Systems of Alabama lifted its holdings in shares of Corelogic by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 104,949 shares of the business services provider’s stock worth $4,390,000 after acquiring an additional 688 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Corelogic during the 2nd quarter worth approximately $300,000. Finally, Machina Capital S.A.S. bought a new stake in shares of Corelogic during the 2nd quarter worth approximately $184,000. 93.82% of the stock is owned by institutional investors.

Shares of NYSE:CLGX opened at $38.93 on Friday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.52 and a beta of 0.70. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $44.44 and a 200 day simple moving average of $43.90. Corelogic Inc has a one year low of $31.87 and a one year high of $49.49.

Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. The business had revenue of $458.96 million during the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, analysts expect that Corelogic Inc will post 2.35 EPS for the current year.

In related news, CEO Frank Martell sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $46.04, for a total value of $345,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vikrant Raina acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of $39.97 per share, with a total value of $99,925.00. Following the purchase, the director now owns 11,384 shares in the company, valued at $455,018.48. The disclosure for this purchase can be found here. In the last three months, insiders sold 31,600 shares of company stock valued at $1,495,557. 1.10% of the stock is owned by insiders.

A number of analysts have recently weighed in on the stock. SunTrust Banks set a $44.00 price target on shares of Corelogic and gave the stock a “hold” rating in a report on Friday, October 25th. Wolfe Research downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research note on Friday, October 25th. TheStreet raised shares of Corelogic from a “c” rating to a “b-” rating in a research note on Wednesday, October 23rd. Compass Point set a $44.00 price objective on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Robert W. Baird set a $45.00 price objective on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Corelogic presently has an average rating of “Hold” and a consensus price target of $45.63.

Corelogic Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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