Wildcat Capital Management LLC Has $47.43 Million Stake in CoStar Group Inc (CSGP)

Wildcat Capital Management LLC reduced its holdings in CoStar Group Inc (NASDAQ:CSGP) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,827 shares of the technology company’s stock after selling 4,845 shares during the quarter. CoStar Group accounts for 8.5% of Wildcat Capital Management LLC’s portfolio, making the stock its 2nd largest position. Wildcat Capital Management LLC owned about 0.49% of CoStar Group worth $47,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. World Asset Management Inc boosted its stake in CoStar Group by 1.7% during the 2nd quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock valued at $388,000 after purchasing an additional 24 shares in the last quarter. Toronto Dominion Bank boosted its stake in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares in the last quarter. Advisor Group Inc. boosted its stake in CoStar Group by 3.8% during the 2nd quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock valued at $393,000 after purchasing an additional 54 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in CoStar Group by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock valued at $313,000 after purchasing an additional 66 shares in the last quarter. Finally, CLS Investments LLC boosted its stake in CoStar Group by 1.9% during the 2nd quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

CSGP has been the subject of a number of research reports. SunTrust Banks reaffirmed a “buy” rating and set a $335.00 price target on shares of CoStar Group in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $325.00 price target on shares of CoStar Group in a research note on Friday, October 27th. B. Riley reaffirmed a “buy” rating and set a $350.00 price target (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Bank of America reaffirmed a “buy” rating and set a $306.00 price target on shares of CoStar Group in a research note on Thursday, October 5th. Finally, Goldman Sachs Group initiated coverage on CoStar Group in a research note on Wednesday, November 8th. They set a “buy” rating and a $359.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $334.67.

CoStar Group Inc (NASDAQ CSGP) traded down $0.16 on Tuesday, hitting $296.79. The stock had a trading volume of 226,372 shares, compared to its average volume of 215,100. The company has a market cap of $10,733.40, a price-to-earnings ratio of 89.66, a PEG ratio of 4.45 and a beta of 1.56. 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 Inc has a 1-year low of $184.86 and a 1-year high of $314.73.

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

ILLEGAL ACTIVITY NOTICE: “Wildcat Capital Management LLC Has $47.43 Million Stake in CoStar Group Inc (CSGP)” was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.truebluetribune.com/2018/01/03/costar-group-inc-csgp-is-wildcat-capital-management-llcs-2nd-largest-position-2.html.

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)

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply