William Blair Investment Management Lowers stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : William Blair Investment Management reduced its stake in CoStar Group Inc by 1.23% during the most recent quarter end. The investment management company now holds a total of 1,554,321 shares of CoStar Group Inc which is valued at $323,252,138 after selling 19,367 shares in CoStar Group Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.CoStar Group Inc makes up approximately 1.20% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd added CSGP to its portfolio by purchasing 1,842 company shares during the most recent quarter which is valued at $409,274. CoStar Group Inc makes up approx 0.58% of Parametrica Management Ltd’s portfolio. Trust Co Of Vermont added CSGP to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $7,698.

CoStar Group Inc opened for trading at $207.55 and hit $209.91 on the upside on Monday, eventually ending the session at $209.05, with a gain of 0.58% or 1.21 points. The heightened volatility saw the trading volume jump to 1,80,116 shares. Company has a market cap of $6,816 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.

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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