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

American Capital Management Inc. raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,681 shares of the technology company’s stock after buying an additional 1,110 shares during the quarter. American Capital Management Inc. owned about 0.15% of CoStar Group worth $13,327,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC grew its holdings in shares of CoStar Group by 3.5% during the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after buying an additional 24 shares in the last quarter. World Asset Management Inc grew its holdings in shares of CoStar Group by 1.7% during the second quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after buying an additional 24 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of CoStar Group by 3.8% during the second quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after buying an additional 54 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of CoStar Group by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after buying an additional 66 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

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Shares of CoStar Group, Inc. (NASDAQ CSGP) traded down 0.44% on Wednesday, hitting $294.46. 79,658 shares of the stock traded hands. The company has a market cap of $9.66 billion, a PE ratio of 98.85 and a beta of 1.51. CoStar Group, Inc. has a 12 month low of $179.21 and a 12 month high of $301.04. The firm’s 50 day moving average is $280.05 and its 200-day moving average is $267.47.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.13 by $0.28. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations 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 was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Equities analysts predict that CoStar Group, Inc. will post $4.69 earnings per share for the current year.

A number of equities research analysts have recently issued reports on CSGP shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $310.00 target price on shares of CoStar Group in a report on Wednesday, September 13th. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Needham & Company LLC upped their target price on shares of CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $306.00 target price on shares of CoStar Group in a report on Thursday, October 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $329.00.

About CoStar Group

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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