As Costar Group INC (CSGP) Valuation Rose, Holder Next Century Growth Investors LLC Trimmed Stake by $3.46 Million

July 16, 2018 - By Lisa Delgado

CoStar Group, Inc. (NASDAQ:CSGP) LogoInvestors sentiment decreased to 0.99 in 2018 Q1. Its down 0.25, from 1.24 in 2017Q4. It dropped, as 27 investors sold CSGP shares while 115 reduced holdings. 50 funds opened positions while 91 raised stakes. 33.13 million shares or 0.69% less from 33.36 million shares in 2017Q4 were reported. Trustees Of Dartmouth College holds 0.01% or 21 shares. Wells Fargo And Company Mn, a California-based fund reported 129,445 shares. Earnest Ptnrs Ltd Liability Co owns 0% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 10 shares. Archford Capital Strategies Ltd Liability Co accumulated 15 shares. Hrt holds 0.28% or 1,619 shares. California Employees Retirement accumulated 0.04% or 72,099 shares. Jane Street Grp Limited Liability Corporation holds 0% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 2,796 shares. 34 were accumulated by Assetmark. Panagora Asset Management holds 15,408 shares. Columbus Circle Investors accumulated 102,227 shares or 0.75% of the stock. Elk Creek Ptnrs Ltd Co owns 12,357 shares or 0.26% of their US portfolio. The Illinois-based Oakbrook Limited Liability Company has invested 0.03% in CoStar Group, Inc. (NASDAQ:CSGP). Legal General Gru Plc, a United Kingdom-based fund reported 139,368 shares. First Mercantile Trust Co has invested 0.07% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP). Etrade Capital Mngmt Lc stated it has 969 shares.

Since February 27, 2018, it had 0 insider buys, and 7 selling transactions for $46.01 million activity. The insider Linnington Matthew sold 7,921 shares worth $2.76M. CARCHEDI FRANCIS sold $4.31M worth of stock. 80,055 shares valued at $27.79M were sold by FLORANCE ANDREW C on Tuesday, February 27. Shares for $1.08 million were sold by KLEIN MICHAEL R on Thursday, March 22. 1,250 shares were sold by Wheeler Scott T, worth $442,113.

Next Century Growth Investors Llc decreased its stake in Costar Group Inc (CSGP) by 16.95% based on its latest 2018Q1 regulatory filing with the SEC. Next Century Growth Investors Llc sold 9,545 shares as the company’s stock rose 7.76% while stock markets declined. The institutional investor held 46,772 shares of the miscellaneous company at the end of 2018Q1, valued at $16.96 million, down from 56,317 at the end of the previous reported quarter. Next Century Growth Investors Llc who had been investing in Costar Group Inc for a number of months, seems to be less bullish one the $15.62 billion market cap company. The stock increased 1.10% or $4.66 during the last trading session, reaching $429.14. About 115,055 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 46.75% since July 16, 2017 and is uptrending. It has outperformed by 34.18% the S&P500.

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on July, 25. They expect $1.07 earnings per share, up 38.96 % or $0.30 from last year’s $0.77 per share. CSGP’s profit will be $38.94 million for 100.27 P/E if the $1.07 EPS becomes a reality. After $1.44 actual earnings per share reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts -25.69 % negative EPS growth.

More news for CoStar Group, Inc. (NASDAQ:CSGP) were recently published by: Bizjournals.com, which released: “CoStar Group to close Columbia office” on July 03, 2018. Bizjournals.com‘s article titled: “GSA weighing new contract for market-level real estate data” and published on July 09, 2018 is yet another important article.

CoStar Group, Inc. (NASDAQ:CSGP) Ratings Coverage

Among 6 analysts covering CoStar Group (NASDAQ:CSGP), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. CoStar Group had 6 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Wells Fargo. The stock has “Underweight” rating by JP Morgan on Tuesday, April 24. The stock has “Buy” rating by Stephens on Wednesday, January 24. JMP Securities maintained CoStar Group, Inc. (NASDAQ:CSGP) on Tuesday, April 24 with “Market Outperform” rating. SunTrust maintained CoStar Group, Inc. (NASDAQ:CSGP) on Monday, April 23 with “Buy” rating.

CoStar Group, Inc. (NASDAQ:CSGP) Institutional Positions Chart

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