Ycg LLC Decreases Position in CoStar Group, Inc. (NASDAQ:CSGP)

Ycg LLC decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,707 shares of the technology company’s stock after selling 184 shares during the period. CoStar Group comprises 3.3% of Ycg LLC’s investment portfolio, making the stock its 12th biggest position. Ycg LLC owned approximately 0.11% of CoStar Group worth $39,912,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSGP. Raymond James Financial Services Advisors Inc. grew its stake in shares of CoStar Group by 111.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 8,253 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in CoStar Group by 504.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock valued at $125,000 after buying an additional 1,564 shares during the period. MetLife Investment Management LLC bought a new stake in shares of CoStar Group in the first quarter worth $1,427,000. Panagora Asset Management Inc. boosted its stake in shares of CoStar Group by 10.6% during the 1st quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock worth $800,000 after acquiring an additional 1,152 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of CoStar Group by 32.3% during the 1st quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock worth $392,000 after buying an additional 1,435 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of CoStar Group in a research report on Friday. Citigroup raised their price objective on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. BTIG Research assumed coverage on CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating on the stock. Robert W. Baird upped their price objective on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $100.08.

CoStar Group Stock Performance

Shares of CSGP traded down $2.24 during trading hours on Friday, hitting $90.55. The stock had a trading volume of 609,621 shares, compared to its average volume of 2,122,072. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 98.76, a PEG ratio of 10.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The firm has a 50-day moving average price of $88.73 and a 200 day moving average price of $84.00.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same period in the previous year, the company posted $0.35 EPS. CoStar Group’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.44 EPS for the current year.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.