Mutual of America Capital Management LLC Decreases Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Mutual of America Capital Management LLC lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,501 shares of the technology company’s stock after selling 2,042 shares during the period. Mutual of America Capital Management LLC’s holdings in CoStar Group were worth $3,818,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its stake in CoStar Group by 14.3% in the 4th quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock worth $1,273,000 after acquiring an additional 1,824 shares in the last quarter. Accretive Wealth Partners LLC boosted its holdings in CoStar Group by 2.1% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock valued at $821,000 after purchasing an additional 192 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of CoStar Group by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 20,764 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 218 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of CoStar Group by 70.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 60,163 shares of the technology company’s stock valued at $5,258,000 after buying an additional 24,866 shares in the last quarter. Finally, US Bancorp DE lifted its stake in CoStar Group by 3.8% in the 4th quarter. US Bancorp DE now owns 97,868 shares of the technology company’s stock valued at $8,553,000 after buying an additional 3,596 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.4 %

CoStar Group stock opened at $77.37 on Monday. The firm has a 50 day simple moving average of $76.32 and a 200-day simple moving average of $81.88. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The stock has a market capitalization of $31.59 billion, a PE ratio of 105.99, a price-to-earnings-growth ratio of 11.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CSGP has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird cut their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research note on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $107.00 price objective on shares of CoStar Group in a report on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

About CoStar Group

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.