CoStar Group, Inc. (CSGP) Position Maintained by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC continued to hold its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,000 shares of the technology company’s stock at the end of the 2nd quarter. EagleClaw Capital Managment LLC’s holdings in CoStar Group were worth $527,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CSGP. Robeco Institutional Asset Management B.V. purchased a new stake in shares of CoStar Group in the second quarter valued at about $134,000. LS Investment Advisors LLC boosted its holdings in shares of CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after acquiring an additional 24 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of CoStar Group in the second quarter valued at about $188,000. Capstone Asset Management Co. purchased a new stake in shares of CoStar Group in the second quarter valued at about $211,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of CoStar Group by 13.0% in the second quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock valued at $219,000 after acquiring an additional 96 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $325.00 target price on shares of CoStar Group in a report on Wednesday, July 19th. Citigroup Inc. set a $320.00 price objective on shares of CoStar Group and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 price objective for the company in a research note on Tuesday, August 1st. Needham & Company LLC raised their price objective on shares of CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. raised their price objective on shares of CoStar Group from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $312.57.
In other news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.98% of the company’s stock.
Shares of CoStar Group, Inc. (NASDAQ:CSGP) traded up 2.544% during mid-day trading on Wednesday, hitting $286.395. 164,095 shares of the company traded hands. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 157.360 and a beta of 1.51. The firm has a 50-day moving average price of $278.42 and a 200 day moving average price of $259.19. CoStar Group, Inc. has a 52-week low of $179.22 and a 52-week high of $287.96.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The company had revenue of $237.20 million during the quarter, compared to analyst estimates of $234.38 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts anticipate that CoStar Group, Inc. will post $4.44 EPS for the current fiscal year.
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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