Stephens Investment Management Group LLC Stake in Costar Group INC (CSGP) Decreased by $7.47 Million; Shares Rose

June 27, 2018 - By Bridget Boland

CoStar Group, Inc. (NASDAQ:CSGP) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.99. That’s change of 0.25, from 2017Q4’s 1.24. 27 investors sold all, 115 reduced holdings as CSGP ratio dropped. 91 increased holdings while 50 funds bought holdings. Funds hold 33.13 million shares thus 0.69% less from 2017Q4’s 33.36 million shares. Advisory Research Inc holds 2,006 shs or 0.01% of its capital. 33,613 are owned by Summit Creek Advsr Ltd Liability Corp. Utah Retirement Sys holds 0.05% or 6,600 shs. Vanguard Grp stated it has 0.05% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Alliancebernstein LP has 0.07% invested in CoStar Group, Inc. (NASDAQ:CSGP). Bell Bancorporation reported 0.22% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Zevenbergen Capital Investments Limited Liability Corporation owns 88,981 shs for 1.24% of their capital. Franklin Res holds 922,157 shs. Granahan Mgmt Ma holds 3.38% in CoStar Group, Inc. (NASDAQ:CSGP) or 129,195 shs. 11,866 are owned by Aperio Gru Inc. Royal State Bank Of Canada has invested 0% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Redmond Asset Mngmt Limited Company invested in 4,600 shs or 0.59% of the stock. Rhumbline Advisers invested 0.03% in CoStar Group, Inc. (NASDAQ:CSGP). Landscape Mngmt Limited Liability reported 1,416 shs or 0.04% of all its holdings. Driehaus Cap Limited Liability Company owns 6,717 shs for 0.09% of their capital.

CSGP had 7 selling transactions and 0 buys since February 27, 2018. This’s net activity of $46.01 million. On Monday, March 5 $442,113 worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by Wheeler Scott T. Linnington Matthew had sold 7,921 shs worth $2.76 million on Friday, March 2. $9.21M worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by FLORANCE ANDREW C. KLEIN MICHAEL R sold 3,000 shs worth $1.08M. The insider CARCHEDI FRANCIS sold 12,100 shs worth $4.31M.

According to 2018Q1 SEC form the Stephens Investment Management Group Llc decreased its stake in Costar Group Inc (CSGP) by 8.28%. The company’s stock popped up 7.76% while Stephens Investment Management Group Llc sold 20,641 shares. At the end of 2018Q1, the 228,735 shares of the miscellaneous company held by the institutional investor were priced at $82.96 million, down from 249,376 at the end of the previous reported quarter. $14.83B is the market cap of Costar Group Inc. CSGP is touching $407.59 during the last trading session, after increased 2.03%.CoStar Group, Inc. has 264,155 shares volume, 29.69% up from normal. CSGP is uptrending and has moved 46.75% since June 27, 2017. CSGP outperformed the S&P500 by 34.18%.

About $3.08 billion and $4.61B US Long portfolio Stephens Investment Management Group Llc operates. According to a filing the fund rose its stake in Pdc Energy Inc (NASDAQ:PDCE) by 62,670 shares to 164,817 shares, valued at $8.08M in 2018Q1. For a total of 1.20M shares it increased its holding in Kratos Defense & Sec Solutio (NASDAQ:KTOS) by 765,837 shares in the quarter, and has risen its stake in Pros Holdings Inc (NYSE:PRO).

CoStar Group, Inc. (NASDAQ:CSGP)’s earnings report is anticipated by WallStreet on July, 25, according to RTT. This year’s earnings per share analyst estimate is anticipated to be $1.07. That is 38.96 % up compareed to $0.77 earnings per share for last year. If reported the P/E will be 95.23 with $38.94M profit. Analysts at Wall Street see CoStar Group, Inc.’s -25.69 % negative EPS growth compared to $1.44 earnings per share for previous quarter.

Another two news for CoStar Group, Inc. (NASDAQ:CSGP) were recently published by: Globenewswire.com on June 06, 2018 with title “Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, TechTarget, Sina, and …”. The other Investorplace.com‘s article was titled “10 A-Rated Internet Stocks to Consider” and published on June 22, 2018.

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

A total of 6 analysts rate CoStar Group (NASDAQ:CSGP) as follows: 5 “Buy”, 0 “Hold” and 1 “Sell”. Тherefore 83% are bullish. The firm has $43500 highest and $350.0 lowest target. The avg target $385.50 is -5.42% below the last ($407.59) price. (NASDAQ:CSGP) has 6 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, April 24 the rating was maintained by JP Morgan with “Underweight”. On Tuesday, April 24 the rating was maintained by JMP Securities with “Market Outperform”. On Monday, April 23 SunTrust maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Buy” rating. On Thursday, January 18 Wells Fargo maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Buy” rating. On Wednesday, January 24 the rating was maintained by Stephens with “Buy”.

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

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