Summit Creek Advisors Lowers stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : Summit Creek Advisors reduced its stake in CoStar Group Inc by 6.1% during the most recent quarter end. The investment management company now holds a total of 89,203 shares of CoStar Group Inc which is valued at $19,820,015 after selling 5,792 shares in CoStar Group Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.CoStar Group Inc makes up approximately 3.22% of Summit Creek Advisors’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in CSGP by selling 857 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 60,053 shares of CSGP which is valued at $13,207,456. CoStar Group Inc makes up approx 0.09% of Eagle Asset Management Inc’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.Gw&k Investment Management boosted its stake in CSGP in the latest quarter, The investment management firm added 10,982 additional shares and now holds a total of 72,626 shares of CoStar Group Inc which is valued at $16,056,156. CoStar Group Inc makes up approx 0.33% of Gw&k Investment Management’s portfolio.

CoStar Group Inc opened for trading at $220.14 and hit $221.9 on the upside on Wednesday, eventually ending the session at $219.93, with a gain of 0.19% or 0.42 points. The heightened volatility saw the trading volume jump to 95,223 shares. Company has a market cap of $7,159 M.

On the company’s financial health, CoStar Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $197.15 million. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 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 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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