Timpani Capital Management buys $5,822,430 stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : Timpani Capital Management scooped up 4,231 additional shares in CoStar Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 28,014 shares of CoStar Group Inc which is valued at $5,822,430.CoStar Group Inc makes up approximately 2.32% of Timpani Capital Management’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CSGP in the latest quarter, The investment management firm added 2,359 additional shares and now holds a total of 32,212 shares of CoStar Group Inc which is valued at $6,694,942. CoStar Group Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.New York State Common Retirement Fund boosted its stake in CSGP in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 135,017 shares of CoStar Group Inc which is valued at $28,061,933. CoStar Group Inc makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Thompson Davis reduced its stake in CSGP by selling 1 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 42 shares of CSGP which is valued at $8,697. CoStar Group Inc makes up approx 0.01% of Thompson Davis’s portfolio.Stephens Investment Management Group reduced its stake in CSGP by selling 529 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 241,430 shares of CSGP which is valued at $49,657,322. CoStar Group Inc makes up approx 1.54% of Stephens Investment Management Group’s portfolio. Falcon Point Capital sold out all of its stake in CSGP during the most recent quarter. The investment firm sold 1,362 shares of CSGP which is valued $303,331.

CoStar Group Inc opened for trading at $207.68 and hit $209.77 on the upside on Tuesday, eventually ending the session at $208.6, with a gain of 0.48% or 0.99 points. The heightened volatility saw the trading volume jump to 1,25,720 shares. Company has a market cap of $6,801 M.

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.

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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