Amalgamated Bank reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,664 shares of the technology company’s stock after selling 1,034 shares during the period. Amalgamated Bank’s holdings in CoStar Group were worth $966,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Macquarie Group Ltd. increased its stake in shares of CoStar Group by 56.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,560 shares of the technology company’s stock worth $860,000 after buying an additional 1,640 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in CoStar Group by 7.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,346 shares of the technology company’s stock worth $8,170,000 after buying an additional 3,067 shares during the last quarter. Norges Bank acquired a new stake in CoStar Group during the fourth quarter worth about $24,871,000. UBS Asset Management Americas Inc. boosted its stake in 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 last quarter. Finally, Sandhill Capital Partners LLC acquired a new stake in CoStar Group during the fourth quarter worth about $5,618,000.
CoStar Group, Inc. (NASDAQ:CSGP) traded up 1.98% during mid-day trading on Friday, reaching $256.31. The company had a trading volume of 254,875 shares. CoStar Group, Inc. has a one year low of $179.21 and a one year high of $267.46. The firm has a market capitalization of $8.39 billion, a P/E ratio of 92.20 and a beta of 1.53. The firm’s 50-day moving average is $253.60 and its 200-day moving average is $214.55.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.11. CoStar Group had a return on equity of 7.23% and a net margin of 10.47%. The firm had revenue of $227 million for the quarter, compared to analyst estimates of $224.69 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that CoStar Group, Inc. will post $4.37 earnings per share for the current fiscal year.
A number of research firms recently issued reports on CSGP. B. Riley reissued a “buy” rating and set a $275.00 target price on shares of CoStar Group in a research note on Wednesday, May 3rd. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet raised CoStar Group from a “c+” rating to a “b” rating in a research note on Thursday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $263.80.
In other CoStar Group news, CFO Scott T. Wheeler sold 757 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $240.00, for a total value of $181,680.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Matthew Linnington sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $240.00, for a total value of $248,880.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,806 shares of company stock worth $23,171,490. Insiders own 2.98% of the company’s stock.
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.
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