Chicago Equity Partners LLC Has $1.56 Million Holdings in CoStar Group (CSGP)

Chicago Equity Partners LLC lessened its stake in CoStar Group (NASDAQ:CSGP) by 52.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,295 shares of the technology company’s stock after selling 4,790 shares during the period. Chicago Equity Partners LLC’s holdings in CoStar Group were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its position in shares of CoStar Group by 1.8% in the 1st quarter. Picton Mahoney Asset Management now owns 22,575 shares of the technology company’s stock valued at $8,187,000 after buying an additional 400 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CoStar Group by 22.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 98,614 shares of the technology company’s stock valued at $35,766,000 after purchasing an additional 18,139 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of CoStar Group by 1.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,579 shares of the technology company’s stock valued at $16,893,000 after purchasing an additional 670 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of CoStar Group by 16.3% during the 1st quarter. Victory Capital Management Inc. now owns 9,168 shares of the technology company’s stock valued at $3,325,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoStar Group by 5.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,557 shares of the technology company’s stock valued at $2,378,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

In related news, VP Matthew Linnington sold 7,921 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $348.23, for a total transaction of $2,758,329.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew C. Florance sold 24,821 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $371.03, for a total value of $9,209,335.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,863 shares of company stock worth $23,271,202. 2.47% of the stock is owned by company insiders.

CoStar Group opened at $375.87 on Friday, Marketbeat Ratings reports. CoStar Group has a fifty-two week low of $383.44 and a fifty-two week high of $388.00. The company has a market cap of $14.12 billion, a P/E ratio of 97.12, a PEG ratio of 3.49 and a beta of 1.53.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Monday, April 23rd. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.28. CoStar Group had a return on equity of 6.97% and a net margin of 15.09%. The business had revenue of $274.00 million for the quarter, compared to the consensus estimate of $270.56 million. During the same period in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. analysts anticipate that CoStar Group will post 6.63 earnings per share for the current year.

Several brokerages recently commented on CSGP. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Needham & Company LLC upped their target price on CoStar Group to $450.00 and gave the company a “buy” rating in a research report on Tuesday, April 24th. Zacks Investment Research lowered CoStar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Finally, JMP Securities upped their target price on CoStar Group from $375.00 to $380.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $388.45.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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

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