American Capital Management Inc. Raises Stake in CoStar Group, Inc. (CSGP)

American Capital Management Inc. increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,571 shares of the technology company’s stock after buying an additional 3,458 shares during the period. American Capital Management Inc. owned approximately 0.15% of CoStar Group worth $12,803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Comerica Bank bought a new stake in shares of CoStar Group during the fourth quarter valued at about $299,000. Dimensional Fund Advisors LP raised its stake in shares of CoStar Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,826 shares of the technology company’s stock valued at $13,161,000 after buying an additional 1,640 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of CoStar Group by 62.8% in the fourth quarter. Guggenheim Capital LLC now owns 2,910 shares of the technology company’s stock valued at $549,000 after buying an additional 1,123 shares in the last quarter. Norges Bank purchased a new position in shares of CoStar Group during the fourth quarter worth about $24,871,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of CoStar Group by 155.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,328 shares of the technology company’s stock worth $12,125,000 after buying an additional 39,105 shares during the period. Institutional investors and hedge funds own 99.66% of the company’s stock.

Shares of CoStar Group, Inc. (NASDAQ:CSGP) traded down 0.68% during mid-day trading on Friday, reaching $278.96. The company’s stock had a trading volume of 100,190 shares. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 93.64 and a beta of 1.51. CoStar Group, Inc. has a 1-year low of $179.21 and a 1-year high of $286.00. The firm’s 50 day moving average price is $275.67 and its 200-day moving average price is $239.64.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, analysts predict that CoStar Group, Inc. will post $4.49 EPS for the current year.

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A number of equities analysts recently issued reports on CSGP shares. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research note on Tuesday, May 2nd. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Needham & Company LLC raised their target price on CoStar Group from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Stephens restated an “overweight” rating and set a $275.00 target price (up from $260.00) on shares of CoStar Group in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $313.67.

In related news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Klein sold 20,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. 2.98% of the stock is owned by company insiders.

CoStar Group Company 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.

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

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