Magnetar Financial LLC Takes $4.09 Million Position in CoStar Group, Inc. (CSGP)

Magnetar Financial LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,251 shares of the technology company’s stock, valued at approximately $4,091,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. IBIS Capital Partners LLP bought a new position in shares of CoStar Group in the third quarter valued at $5,365,000. Nomura Asset Management Co. Ltd. grew its stake in shares of CoStar Group by 12.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,020 shares of the technology company’s stock valued at $1,078,000 after buying an additional 440 shares in the last quarter. Tredje AP fonden grew its stake in shares of CoStar Group by 40.1% in the third quarter. Tredje AP fonden now owns 4,580 shares of the technology company’s stock valued at $1,229,000 after buying an additional 1,310 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of CoStar Group by 7.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 105,627 shares of the technology company’s stock valued at $28,335,000 after buying an additional 7,499 shares in the last quarter. Finally, Barings LLC grew its stake in shares of CoStar Group by 342.3% in the third quarter. Barings LLC now owns 3,450 shares of the technology company’s stock valued at $925,000 after buying an additional 2,670 shares in the last quarter. 98.89% of the stock is owned by institutional investors.

CSGP has been the subject of several analyst reports. B. Riley reissued a “buy” rating and issued a $350.00 target price (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Goldman Sachs Group initiated coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price for the company. SunTrust Banks reissued a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a research note on Friday, October 27th. Zacks Investment Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stephens raised their price target on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $332.75.

Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at $293.21 on Thursday. CoStar Group, Inc. has a twelve month low of $184.86 and a twelve month high of $314.73. The stock has a market capitalization of $10,575.81, a price-to-earnings ratio of 73.33, a price-to-earnings-growth ratio of 4.38 and a beta of 1.55. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15.

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

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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.

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

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