Public Employees Retirement Association of Colorado Cuts Stake in CoStar Group Inc. (CSGP)
Public Employees Retirement Association of Colorado cut its position in CoStar Group Inc. (NASDAQ:CSGP) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,454 shares of the company’s stock after selling 14 shares during the period. Public Employees Retirement Association of Colorado owned 0.14% of CoStar Group worth $10,158,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of CoStar Group by 15.1% in the first quarter. Aperio Group LLC now owns 6,751 shares of the company’s stock worth $1,270,000 after buying an additional 888 shares during the last quarter. Pacad Investment Ltd. bought a new position in CoStar Group during the first quarter valued at about $263,000. Teachers Advisors Inc. raised its position in CoStar Group by 1.4% in the first quarter. Teachers Advisors Inc. now owns 24,206 shares of the company’s stock valued at $4,555,000 after buying an additional 327 shares during the last quarter. BlackRock Inc. raised its position in CoStar Group by 353.1% in the first quarter. BlackRock Inc. now owns 3,752 shares of the company’s stock valued at $706,000 after buying an additional 2,924 shares during the last quarter. Finally, BlackRock Group LTD raised its position in CoStar Group by 22.0% in the first quarter. BlackRock Group LTD now owns 26,239 shares of the company’s stock valued at $4,937,000 after buying an additional 4,723 shares during the last quarter.
CoStar Group Inc. (NASDAQ:CSGP) traded up 0.74% during mid-day trading on Friday, hitting $208.57. The stock had a trading volume of 200,653 shares. The stock has a market capitalization of $6.80 billion, a P/E ratio of 134.39 and a beta of 1.29. CoStar Group Inc. has a 52 week low of $146.53 and a 52 week high of $224.79. The company’s 50 day moving average is $212.35 and its 200-day moving average is $205.38.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.08. The business had revenue of $207 million for the quarter, compared to analyst estimates of $205.66 million. CoStar Group had a return on equity of 5.74% and a net margin of 6.33%. CoStar Group’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. On average, analysts expect that CoStar Group Inc. will post $4.11 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $240.00 price objective on shares of CoStar Group in a report on Friday, September 30th. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. B. Riley restated a “buy” rating and issued a $231.00 target price on shares of CoStar Group in a research note on Sunday, July 31st. JPMorgan Chase & Co. boosted their target price on CoStar Group from $229.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, JMP Securities upped their price objective on CoStar Group from $215.00 to $230.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. CoStar Group has an average rating of “Buy” and an average target price of $236.20.
In other CoStar Group news, Director Michael J. Glosserman sold 5,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $206.33, for a total value of $1,031,650.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.98% of the stock is owned by company insiders.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
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