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

Mutual of America Capital Management LLC lowered its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,625 shares of the technology company’s stock after selling 2,492 shares during the period. Mutual of America Capital Management LLC’s holdings in CoStar Group were worth $4,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of CoStar Group by 75.5% in the first quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in shares of CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of CoStar Group in the fourth quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of CoStar Group in the second quarter valued at approximately $33,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of CoStar Group in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CSGP. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a research report on Friday. BMO Capital Markets cut their price objective on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. The Goldman Sachs Group upped their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods upped 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, April 10th. Finally, Bank of America upped their price target on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average target price of $100.08.

CoStar Group Price Performance

CSGP opened at $87.53 on Tuesday. The company has a quick ratio of 12.01, a current ratio of 12.01 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a 50 day moving average of $88.97 and a two-hundred day moving average of $84.27. The company has a market cap of $35.75 billion, a P/E ratio of 95.14, a P/E/G ratio of 10.38 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. 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 firm earned $0.35 earnings per share. CoStar Group’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

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.