Mutual of America Capital Management LLC Sells 628 Shares of CoStar Group, Inc. $CSGP

Mutual of America Capital Management LLC reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,819 shares of the technology company’s stock after selling 628 shares during the period. Mutual of America Capital Management LLC’s holdings in CoStar Group were worth $4,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generate Investment Management Ltd bought a new stake in shares of CoStar Group during the second quarter worth about $6,306,000. PFG Investments LLC bought a new stake in shares of CoStar Group in the first quarter worth $234,000. Red Spruce Capital LLC grew its stake in shares of CoStar Group by 37.7% in the second quarter. Red Spruce Capital LLC now owns 21,842 shares of the technology company’s stock worth $1,756,000 after purchasing an additional 5,975 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of CoStar Group by 6.3% in the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after purchasing an additional 200 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of CoStar Group in the first quarter worth $5,625,000. 96.60% of the stock is currently owned by institutional investors.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the transaction, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock worth $4,777,764 in the last three months. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 0.4%

Shares of CoStar Group stock opened at $77.19 on Thursday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The stock’s 50-day moving average is $84.69 and its 200 day moving average is $82.64. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 308.76, a PEG ratio of 3.61 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Wolfe Research started coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $70.00 target price (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group 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.