58,430 CoStar Group, Inc. $CSGP Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8,907.0% in the third quarter, HoldingsChannel reports. The firm owned 59,086 shares of the technology company’s stock after purchasing an additional 58,430 shares during the quarter. Fulcrum Asset Management LLP’s holdings in CoStar Group were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of CoStar Group by 3.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 23,278 shares of the technology company’s stock valued at $645,000 after acquiring an additional 858 shares in the last quarter. Ethic Inc. raised its stake in CoStar Group by 75.9% in the 3rd quarter. Ethic Inc. now owns 56,291 shares of the technology company’s stock worth $1,542,000 after purchasing an additional 24,294 shares in the last quarter. Parallel Advisors LLC raised its stake in CoStar Group by 1.8% in the 3rd quarter. Parallel Advisors LLC now owns 26,734 shares of the technology company’s stock worth $733,000 after purchasing an additional 477 shares in the last quarter. Guidance Capital Inc. raised its stake in CoStar Group by 9.1% in the 3rd quarter. Guidance Capital Inc. now owns 25,702 shares of the technology company’s stock worth $704,000 after purchasing an additional 2,136 shares in the last quarter. Finally, CenterBook Partners LP boosted its holdings in CoStar Group by 20.2% in the 3rd quarter. CenterBook Partners LP now owns 85,861 shares of the technology company’s stock valued at $2,353,000 after purchasing an additional 14,418 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Down 2.9%

CSGP stock opened at $30.33 on Wednesday. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $70.57. The business has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $35.80. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.12. The company has a market cap of $12.20 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $945.82 million. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Sell-side analysts anticipate that CoStar Group, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group set a $36.00 target price on shares of CoStar Group in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 28th. Finally, Citizens Jmp reduced their price target on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group presently has an average rating of “Hold” and an average target price of $39.11.

CoStar Group Profile

CoStar Group, Inc. is a provider of commercial real estate information, analytics and online marketplaces. Its services help real estate professionals, investors, lenders and businesses research properties, evaluate markets and connect with buyers, sellers and tenants. The company’s brands include CoStar, which provides commercial property data and research; LoopNet, a commercial property marketplace; Apartments.com, a rental listings platform; and STR, which supplies benchmarking data for the hospitality industry.