Costar Group Inc (NASDAQ:CSGP) Sellers Strengthened By 11.55% Their Shorts

April 16, 2018 - By Russell Jones

CoStar Group, Inc. (NASDAQ:CSGP) Corporate Logo

Big Money Sentiment decreased to 1.24 in 2017 Q4. It has change of 0.18, from 2017Q3’s 1.42. The ratio worsened due to CoStar Group, Inc. positioning: 37 sold and 92 reduced. 50 funds acquired positions and 110 increased positions. Investors holded 33.56 million in 2017Q3 but now own 33.36 million shares or 0.58% less.
Echo Street Capital Mngmt Limited Liability holds 58,117 shs or 0.52% of its capital. The Montana-based Da Davidson Communication has invested 0.01% in CoStar Group, Inc. (NASDAQ:CSGP). Mitsubishi Ufj Bk Corp invested in 0.07% or 134,923 shs. Swiss Natl Bank stated it has 0.04% in CoStar Group, Inc. (NASDAQ:CSGP). Tiaa Cref Management Limited Liability Company invested in 104,173 shs. Westfield Management Com Lp holds 288,603 shs. Parkside State Bank owns 443 shs or 0.05% of their US capital. Connable Office accumulated 2,904 shs. Picton Mahoney Asset invested in 0.18% or 22,175 shs. Summit Creek Lc has 33,793 shs. Robeco Institutional Asset Mngmt Bv holds 16,382 shs. Sei Invs stated it has 0.08% in CoStar Group, Inc. (NASDAQ:CSGP). Bancshares Of America Corporation De reported 265,851 shs. 458,685 were accumulated by Riverbridge Prtn Limited Liability Company. Tocqueville Asset Management L P stated it has 0.01% in CoStar Group, Inc. (NASDAQ:CSGP).

CoStar Group, Inc. had 6 insider sales and 0 buys since February 27, 2018. This’s net activity of $36.80 million. 12,100 CoStar Group, Inc. (NASDAQ:CSGP) shs with value of $4.31M were sold by CARCHEDI FRANCIS. 1,250 shs valued at $442,113 were sold by Wheeler Scott T on Monday, March 5. On Thursday, March 22 $1.08M worth of stock was sold by KLEIN MICHAEL R. Another trade for 80,055 shs valued at $27.79 million was sold by FLORANCE ANDREW C. 7,921 shs valued at $2.76 million were sold by Linnington Matthew on Friday, March 2.

Change of 11.55% for Costar Group Inc (NASDAQ:CSGP)’s shares shorted was registered. FINRA published shares shorted of CSGP’s total 765,200 shares. That’s 11.55% up from 686,000 shares. Former CSGP’s position will need 3 days to recover. It has 283,100 average volume.

CSGP reached $368.01 on during the last trading session after $3.95 change.CoStar Group, Inc. has volume of 174,924 shares. Since April 16, 2017 CSGP has risen 72.55% and is uptrending. The stock outperformed the S&P500 by 61.00%.

CoStar Group, Inc. provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally.The firm is valued at $13.28 billion. The firm offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land.100.55 is the P/E ratio. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad application; CoStar Market Analytics, an analytics platform; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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

Total analysts of 8 have positions in CoStar Group (NASDAQ:CSGP) as follows: 7 rated it a “Buy”, 1 with “Sell” and 0 with “Hold”. The positive are 88%. Since October 20, 2017 according to StockzIntelligence Inc CoStar Group has 10 analyst reports. The stock rating was maintained by Stephens with “Buy” on Wednesday, January 24. On Thursday, October 26 the firm earned “Buy” rating by SunTrust. The stock rating was maintained by Wells Fargo with “Buy” on Thursday, January 18. On Thursday, October 26 Needham maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Buy” rating. In Friday, October 20 report SunTrust maintained the stock with “Buy” rating. On Tuesday, December 12 the stock of CoStar Group, Inc. (NASDAQ:CSGP) has “Sell” rating given by J.P. Morgan.

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

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