American Assets Capital Advisers LLC Has $2.06 Million Position in CoStar Group, Inc. $CSGP

American Assets Capital Advisers LLC grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 60.6% during the third quarter, HoldingsChannel.com reports. The firm owned 24,364 shares of the technology company’s stock after purchasing an additional 9,193 shares during the period. CoStar Group makes up approximately 2.2% of American Assets Capital Advisers LLC’s portfolio, making the stock its 19th biggest holding. American Assets Capital Advisers LLC’s holdings in CoStar Group were worth $2,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its position in CoStar Group by 35.6% in the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after acquiring an additional 108 shares during the period. Emerald Advisers LLC increased its holdings in CoStar Group by 1.9% in the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after purchasing an additional 110 shares during the period. Empirical Finance LLC increased its holdings in CoStar Group by 1.4% in the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock valued at $673,000 after purchasing an additional 114 shares during the period. Wallace Advisory Group LLC raised its position in CoStar Group by 2.5% during the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock worth $412,000 after purchasing an additional 126 shares during the last quarter. Finally, STF Management LP lifted its holdings in CoStar Group by 2.1% during the 2nd quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Down 0.5%

CSGP opened at $61.18 on Tuesday. The company has a fifty day moving average price of $65.63 and a two-hundred day moving average price of $76.60. CoStar Group, Inc. has a 1-year low of $57.01 and a 1-year high of $97.43. The company has a market cap of $25.93 billion, a P/E ratio of 1,223.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

CSGP has been the subject of several recent research reports. Wells Fargo & Company reissued an “underweight” rating and issued a $55.00 price target (down previously from $60.00) on shares of CoStar Group in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of CoStar Group from $100.00 to $75.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Zacks Research downgraded shares of CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Finally, Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.39.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.