Riverbridge Partners Lowers stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : Riverbridge Partners reduced its stake in CoStar Group Inc by 2.96% during the most recent quarter end. The investment management company now holds a total of 751,884 shares of CoStar Group Inc which is valued at $154,895,623 after selling 22,901 shares in CoStar Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.CoStar Group Inc makes up approximately 3.12% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CSGP by selling 1,285 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 67,583 shares of CSGP which is valued at $13,922,774. CoStar Group Inc makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Simplex Trading sold out all of its stake in CSGP during the most recent quarter. The investment firm sold 7 shares of CSGP which is valued $1,540. Arcadia Investment Management Corpmi added CSGP to its portfolio by purchasing 172 company shares during the most recent quarter which is valued at $37,800. CoStar Group Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio. Id Management As sold out all of its stake in CSGP during the most recent quarter. The investment firm sold 900 shares of CSGP which is valued $197,793.

CoStar Group Inc closed down -0.68 points or -0.33% at $205.33 with 1,02,467 shares getting traded on Thursday. Post opening the session at $205.58, the shares hit an intraday low of $204.66 and an intraday high of $208.0499 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, CoStar Group Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.83. The company had revenue of $207.00 million for the quarter, compared to analysts expectations of $205.58 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

CoStar Group Inc. (CoStar) is a provider of information analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar LoopNet Apartments.com BizBuySell and LandsofAmerica. The Company has operations in the United States Canada the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease comparable sales information information about properties for sale tenant information Internet marketing services analytical capabilities information for clients’ Websites information about industry professionals and their business relationships data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

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