CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by North Star Asset Management Inc.

North Star Asset Management Inc. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 252.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 35,950 shares of the technology company’s stock after acquiring an additional 25,761 shares during the quarter. North Star Asset Management Inc.’s holdings in CoStar Group were worth $2,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSGP. Concurrent Investment Advisors LLC grew its holdings in shares of CoStar Group by 4.7% during the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after purchasing an additional 112 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of CoStar Group by 9.2% during the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock worth $129,000 after acquiring an additional 113 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of CoStar Group by 3.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company’s stock valued at $320,000 after acquiring an additional 121 shares during the period. Axxcess Wealth Management LLC raised its position in CoStar Group by 4.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock valued at $243,000 after purchasing an additional 123 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in CoStar Group by 2.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock worth $352,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Up 0.1 %

CSGP stock opened at $77.45 on Friday. The firm’s 50-day moving average is $75.39 and its two-hundred day moving average is $82.44. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 106.10, a price-to-earnings-growth ratio of 11.46 and a beta of 0.81. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $677.80 million for the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts forecast that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on CSGP. Robert W. Baird reduced their target price on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Friday. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $107.00 price target on shares of CoStar Group in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.