Summit Creek Advisors LLC Has $10.04 Million Position in CoStar Group Inc (CSGP)

Summit Creek Advisors LLC cut its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 21.7% during the 4th quarter, HoldingsChannel reports. The firm owned 33,793 shares of the technology company’s stock after selling 9,355 shares during the quarter. CoStar Group accounts for about 1.9% of Summit Creek Advisors LLC’s holdings, making the stock its 25th largest position. Summit Creek Advisors LLC’s holdings in CoStar Group were worth $10,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. Toronto Dominion Bank lifted its position in CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares in the last quarter. First Manhattan Co. purchased a new position in shares of CoStar Group in the third quarter valued at about $187,000. Cubist Systematic Strategies LLC purchased a new position in shares of CoStar Group in the second quarter valued at about $188,000. Robeco Institutional Asset Management B.V. lifted its position in shares of CoStar Group by 54.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 779 shares of the technology company’s stock valued at $210,000 after acquiring an additional 273 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new position in shares of CoStar Group in the third quarter valued at about $234,000. Institutional investors own 98.87% of the company’s stock.

CoStar Group Inc (CSGP) traded up $4.71 during trading hours on Tuesday, hitting $322.02. The company had a trading volume of 239,400 shares, compared to its average volume of 175,589. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $11,639.57, a P/E ratio of 97.29, a P/E/G ratio of 3.55 and a beta of 1.56. CoStar Group Inc has a 12 month low of $197.18 and a 12 month high of $322.65.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. equities research analysts predict that CoStar Group Inc will post 3.99 earnings per share for the current year.

Several equities analysts have recently commented on CSGP shares. Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. B. Riley restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research report on Monday, October 2nd. Bank of America restated a “buy” rating and issued a $306.00 price objective on shares of CoStar Group in a research report on Thursday, October 5th. Needham & Company LLC restated a “buy” rating and issued a $325.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $334.67.

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

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