Greenhouse Funds LLLP increased its holdings in CoStar Group Inc (NASDAQ:CSGP) by 17.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,630 shares of the technology company’s stock after purchasing an additional 12,601 shares during the quarter. CoStar Group comprises about 7.0% of Greenhouse Funds LLLP’s portfolio, making the stock its 3rd biggest holding. Greenhouse Funds LLLP’s holdings in CoStar Group were worth $24,834,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CSGP. The Manufacturers Life Insurance Company grew its holdings in CoStar Group by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after buying an additional 66 shares in the last quarter. Aperio Group LLC grew its holdings in CoStar Group by 7.4% in the 3rd quarter. Aperio Group LLC now owns 8,042 shares of the technology company’s stock worth $2,157,000 after buying an additional 553 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in CoStar Group in the 3rd quarter worth approximately $266,000. Victory Capital Management Inc. grew its holdings in CoStar Group by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,983 shares of the technology company’s stock worth $1,873,000 after buying an additional 181 shares in the last quarter. Finally, Andra AP fonden grew its holdings in CoStar Group by 92.6% in the 3rd quarter. Andra AP fonden now owns 5,200 shares of the technology company’s stock worth $1,395,000 after buying an additional 2,500 shares in the last quarter. 98.57% of the stock is owned by institutional investors and hedge funds.
In other news, VP Francis Carchedi sold 12,100 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $356.09, for a total transaction of $4,308,689.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Linnington sold 7,921 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $348.23, for a total value of $2,758,329.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,271 shares of company stock valued at $7,509,131. 3.09% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on the company. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Needham & Company LLC increased their price objective on CoStar Group to $430.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. SunTrust Banks increased their price objective on CoStar Group to $410.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective for the company. in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $380.10.
CoStar Group Inc (NASDAQ CSGP) opened at $365.28 on Wednesday. The stock has a market capitalization of $12,972.08, a price-to-earnings ratio of 91.45, a price-to-earnings-growth ratio of 3.43 and a beta of 1.61. CoStar Group Inc has a one year low of $197.55 and a one year high of $367.68.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. The firm had revenue of $253.99 million during the quarter, compared to analyst estimates of $253.74 million. CoStar Group had a return on equity of 6.75% and a net margin of 12.71%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. sell-side analysts predict that CoStar Group Inc will post 6.25 EPS for the current year.
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CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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