Costar Group Inc (NASDAQ:CSGP).
Alliancebernstein L.P. reports that it decreased its ownership in Costar Group Inc by 13.3% as of the end of the last quarter. Its position was worth $113,628,000 a decrease of $15,163,000 according to the filing.
Alliancebernstein L.P. isn’t the only one who has changed their investment in CSGP. Dimensional Fund Advisors Lp divested its position by selling 485 shares a decrease of 0.6%. Dimensional Fund Advisors Lp claims 76,290 shares with a value of $20,463,000. The value of the position overall is up by 1.1%. As of the end of the quarter Pioneer Investment Management Inc had sold 14,744 shares trimming its position 13.9%. The value of the company’s investment in Costar Group Inc decreased from $28,033,000 to $24,572,000 decreasing 12.3% quarter to quarter.
As of quarter end Blair William & Co/il had disposed of a total of 4,450 shares trimming its stake by 1.3%. The value in dollars went from $93,729,000 to $94,189,000 a change of 0.5% since the last quarter.
Equity analyst Goldman Sachs Group, Inc. (The) released guidance on CSGP setting a rating of “Buy”. Equity analyst Stephens raised the price target on October 30 changing the forecast from $300.00 to $350.00 with a “Overweight” recommendation.
October 27 investment analysts at SunTrust Banks maintained a stock rating of “Buy” targeting a price of $335.00. On October 27 Needham & Company LLC maintained a company rating of “Buy” projecting a price of $325.00.
On October 26 B. Riley held the stock rating at “Buy” with a current price target of $350.00. On October 5 Bank of America Corporation kept the stock rating at “Buy” targeting a price of $306.00.
In the market the company is trading up from yesterday’s close of 296.43. The most current P/E ratio is 89.83 and market capitalization is 10.75B. As of the last earnings report the EPS was $3.31 with 36.15M shares presently outstanding.
Investors are feeling more bearish lately as indicated by the change in short interest. The firm realized a rise in short interest of 8.78% as of October 13, 2017 from the last reporting period. Short shares grew 62,063 over that period. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.02% as of October 13.