CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by OPSEU Pension Plan Trust Fund

Share on StockTwits

OPSEU Pension Plan Trust Fund lowered its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,581 shares of the technology company’s stock after selling 16 shares during the period. OPSEU Pension Plan Trust Fund’s holdings in CoStar Group were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC boosted its stake in shares of CoStar Group by 0.8% during the second quarter. Cresset Asset Management LLC now owns 1,475 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 12 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of CoStar Group by 2.2% during the second quarter. Ancora Advisors LLC now owns 657 shares of the technology company’s stock valued at $467,000 after acquiring an additional 14 shares in the last quarter. Brand Asset Management Group Inc. increased its holdings in shares of CoStar Group by 100.0% during the third quarter. Brand Asset Management Group Inc. now owns 38 shares of the technology company’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of CoStar Group by 164.3% during the second quarter. Flagship Harbor Advisors LLC now owns 37 shares of the technology company’s stock valued at $26,000 after acquiring an additional 23 shares in the last quarter. Finally, Shaker Investments LLC OH increased its holdings in shares of CoStar Group by 0.3% during the second quarter. Shaker Investments LLC OH now owns 9,481 shares of the technology company’s stock valued at $6,738,000 after acquiring an additional 29 shares in the last quarter. 95.06% of the stock is owned by institutional investors.

CSGP stock traded down $8.95 during midday trading on Tuesday, hitting $906.61. The company’s stock had a trading volume of 1,167 shares, compared to its average volume of 270,378. CoStar Group, Inc. has a 1 year low of $500.24 and a 1 year high of $939.00. The company has a quick ratio of 16.35, a current ratio of 16.35 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $862.80 and its 200 day moving average price is $771.50. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 122.28 and a beta of 0.99.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 27th. The technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.46. CoStar Group had a return on equity of 7.58% and a net margin of 17.57%. As a group, equities analysts forecast that CoStar Group, Inc. will post 8.34 earnings per share for the current fiscal year.

In other news, CEO Andrew C. Florance sold 15,584 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $848.16, for a total transaction of $13,217,725.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lisa Ruggles sold 7,596 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $870.00, for a total value of $6,608,520.00. The disclosure for this sale can be found here. 2.14% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the company. SunTrust Banks boosted their price objective on CoStar Group from $695.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upgraded CoStar Group from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $660.00 to $900.00 in a report on Wednesday, July 29th. Needham & Company LLC boosted their price objective on CoStar Group from $825.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. B. Riley lifted their target price on CoStar Group from $730.00 to $810.00 in a research report on Wednesday, July 29th. Finally, Zacks Investment Research raised CoStar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. CoStar Group presently has a consensus rating of “Buy” and an average target price of $859.46.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily, and student housing properties and land.

Further Reading: Example of operating income, EBIT and EBITDA

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

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

Leave a Reply