California State Teachers Retirement System Cuts Holdings in CoStar Group Inc (CSGP)

California State Teachers Retirement System trimmed its position in shares of CoStar Group Inc (NASDAQ:CSGP) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,976 shares of the technology company’s stock after selling 4,507 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of CoStar Group worth $15,546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CSGP. Robeco Institutional Asset Management B.V. bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $134,000. LS Investment Advisors LLC boosted its position in shares of CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after purchasing an additional 24 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $188,000. Capstone Asset Management Co. bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $211,000. Finally, Penserra Capital Management LLC boosted its position in shares of CoStar Group by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock worth $219,000 after purchasing an additional 96 shares in the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/california-state-teachers-retirement-system-cuts-holdings-in-costar-group-inc-csgp.html.

A number of brokerages have recently commented on CSGP. B. Riley reissued a “buy” rating and issued a $325.00 price target on shares of CoStar Group in a research report on Friday, July 14th. Needham & Company LLC boosted their price target on CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Citigroup Inc. set a $320.00 price target on CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. CoStar Group currently has a consensus rating of “Buy” and a consensus price target of $312.57.

In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.98% of the stock is currently owned by company insiders.

CoStar Group Inc (NASDAQ CSGP) opened at 283.75 on Thursday. The company has a 50-day moving average of $278.95 and a 200-day moving average of $262.21. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 95.25 and a beta of 1.51. CoStar Group Inc has a one year low of $179.21 and a one year high of $291.95.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 9.35% and a return on equity of 5.23%. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that CoStar Group Inc will post $4.44 EPS for the current fiscal year.

CoStar Gro

A number of other institutional investors have also recently bought and sold shares of CSGP. Robeco Institutional Asset Management B.V. bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $134,000. LS Investment Advisors LLC boosted its position in shares of CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after purchasing an additional 24 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $188,000. Capstone Asset Management Co. bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $211,000. Finally, Penserra Capital Management LLC boosted its position in shares of CoStar Group by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock worth $219,000 after purchasing an additional 96 shares in the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/california-state-teachers-retirement-system-cuts-holdings-in-costar-group-inc-csgp.html.

A number of brokerages have recently commented on CSGP. B. Riley reissued a “buy” rating and issued a $325.00 price target on shares of CoStar Group in a research report on Friday, July 14th. Needham & Company LLC boosted their price target on CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Citigroup Inc. set a $320.00 price target on CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. CoStar Group currently has a consensus rating of “Buy” and a consensus price target of $312.57.

In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.98% of the stock is currently owned by company insiders.

CoStar Group Inc (NASDAQ CSGP) opened at 283.75 on Thursday. The company has a 50-day moving average of $278.95 and a 200-day moving average of $262.21. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 95.25 and a beta of 1.51. CoStar Group Inc has a one year low of $179.21 and a one year high of $291.95.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 9.35% and a return on equity of 5.23%. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that CoStar Group Inc will post $4.44 EPS for the current fiscal year.

CoStar Group 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.

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group Inc (NASDAQ:CSGP).

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

Receive News & Ratings for CoStar Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply