158,241 CoStar Group, Inc. $CSGP Shares Purchased by Hahn Capital Management LLC

Key Points

• Hahn Capital Management increased its CoStar Group stake by 352.6%, buying 158,241 shares in the third quarter to hold 203,125 shares, worth about $5.6 million.
• CoStar reported quarterly earnings of $0.38 per share, beating the $0.34 consensus estimate; revenue rose 14.1% year over year to $952 million.
• Analyst opinions were mixed: ten rated the stock Buy, eight Hold, and two Sell. MarketBeat reported an overall Hold consensus and an average price target of $39.11.

Hahn Capital Management LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 352.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,125 shares of the technology company's stock after acquiring an additional 158,241 shares during the quarter. CoStar Group accounts for about 3.3% of Hahn Capital Management LLC's investment portfolio, making the stock its 16th largest holding. Hahn Capital Management LLC owned 0.05% of CoStar Group worth $5,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in CoStar Group by 56.8% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380 shares of the technology company's stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. Greenleaf Trust purchased a new stake in CoStar Group in the 3rd quarter worth approximately $228,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in CoStar Group in the 3rd quarter worth approximately $2,846,000. Profund Advisors LLC purchased a new stake in CoStar Group in the 3rd quarter worth approximately $206,000. Finally, ProShare Advisors LLC boosted its stake in shares of CoStar Group by 1.4% during the 3rd quarter. ProShare Advisors LLC now owns 78,872 shares of the technology company's stock valued at $2,161,000 after buying an additional 1,059 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is owned by company insiders.

CoStar Group Price Performance

NASDAQ CSGP opened at $32.58 on Thursday. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $70.63. The stock's 50-day moving average is $30.28 and its two-hundred day moving average is $36.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $13.11 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. CoStar Group had a return on equity of 4.87% and a net margin of 4.87%. The business had revenue of $952.00 million for the quarter, compared to analyst estimates of $945.82 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts anticipate that CoStar Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CSGP. Weiss Ratings upgraded shares of CoStar Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 29th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of CoStar Group in a report on Wednesday, October 28th. Citigroup reissued a "market outperform" rating on shares of CoStar Group in a research report on Wednesday, October 28th. Wells Fargo & Company set a $35.00 target price on CoStar Group in a research note on Wednesday, October 28th. Finally, BTIG Research lowered their target price on CoStar Group from $42.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.11.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.

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