Bamco Inc. NY Cuts Holdings in CoStar Group, Inc. (CSGP)
Bamco Inc. NY reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,885,519 shares of the technology company’s stock after selling 22,072 shares during the period. CoStar Group accounts for approximately 3.7% of Bamco Inc. NY’s portfolio, making the stock its 4th biggest holding. Bamco Inc. NY owned 7.98% of CoStar Group worth $774,040,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CSGP. Janus Henderson Group PLC increased its stake in shares of CoStar Group by 2,015.2% in the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after purchasing an additional 2,493,281 shares during the period. JPMorgan Chase & Co. increased its stake in shares of CoStar Group by 1,019.7% in the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after purchasing an additional 637,278 shares during the period. Citadel Advisors LLC increased its stake in shares of CoStar Group by 947.8% in the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after purchasing an additional 132,177 shares during the period. Balyasny Asset Management LLC increased its stake in shares of CoStar Group by 773.1% in the second quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock worth $28,559,000 after purchasing an additional 95,933 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of CoStar Group by 2,599.7% in the third quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock worth $23,906,000 after purchasing an additional 85,817 shares during the period. Institutional investors own 98.89% of the company’s stock.
CoStar Group, Inc. (NASDAQ:CSGP) opened at $292.34 on Monday. CoStar Group, Inc. has a 12 month low of $184.86 and a 12 month high of $314.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The stock has a market capitalization of $10,566.63, a PE ratio of 73.27, a P/E/G ratio of 4.38 and a beta of 1.55.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 earnings per share. equities analysts anticipate that CoStar Group, Inc. will post 3.99 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research note on Monday, October 2nd. Zacks Investment Research lowered CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and set a $310.00 price target on shares of CoStar Group in a research note on Wednesday, September 13th. Needham & Company LLC restated a “buy” rating and set a $325.00 price target on shares of CoStar Group in a research note on Friday, October 27th. Finally, Goldman Sachs Group began coverage on CoStar Group in a research note on Wednesday, November 8th. They set a “buy” rating and a $359.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CoStar Group presently has a consensus rating of “Buy” and an average price target of $332.75.
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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.
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