Scge Management buys $17,504,261 stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : Scge Management scooped up 40,380 additional shares in CoStar Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 90,480 shares of CoStar Group Inc which is valued at $17,504,261.CoStar Group Inc makes up approximately 5.32% of Scge Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in CSGP in the latest quarter, The investment management firm added 1,430 additional shares and now holds a total of 857,267 shares of CoStar Group Inc which is valued at $165,846,874. CoStar Group Inc makes up approx 0.03% of Price T Rowe Associates Inc Md’s portfolio.Stephens Investment Management Group boosted its stake in CSGP in the latest quarter, The investment management firm added 14,801 additional shares and now holds a total of 256,231 shares of CoStar Group Inc which is valued at $47,059,385. CoStar Group Inc makes up approx 1.48% of Stephens Investment Management Group’s portfolio.Tiverton Asset Management reduced its stake in CSGP by selling 10,012 shares or 22.32% in the most recent quarter. The Hedge Fund company now holds 34,838 shares of CSGP which is valued at $6,398,347. CoStar Group Inc makes up approx 0.52% of Tiverton Asset Management’s portfolio. Penserra Capital Management added CSGP to its portfolio by purchasing 288 company shares during the most recent quarter which is valued at $105,391. CoStar Group Inc makes up approx 0.01% of Penserra Capital Management’s portfolio.

CoStar Group Inc closed down -4.21 points or -2.12% at $194.78 with 2,26,126 shares getting traded on Monday. Post opening the session at $198.52, the shares hit an intraday low of $194.74 and an intraday high of $200.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CoStar Group Inc reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.03. The company had revenue of $213.00 million for the quarter, compared to analysts expectations of $212.70 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on CoStar Group Inc. Needham Resumed CoStar Group Inc on Aug 22, 2016 to “Buy”, Price Target of the shares are set at $240.

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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