Kornitzer Capital Management Inc. KS Has $22.21 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Kornitzer Capital Management Inc. KS trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 310,196 shares of the technology company’s stock after selling 8,420 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in CoStar Group were worth $22,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its stake in CoStar Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock worth $652,000 after buying an additional 138 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of CoStar Group by 2.0% during the 3rd quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock worth $606,000 after buying an additional 161 shares during the period. Allworth Financial LP lifted its position in shares of CoStar Group by 9.7% during the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company’s stock worth $144,000 after buying an additional 173 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock valued at $1,443,000 after purchasing an additional 209 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in CoStar Group by 5.2% in the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company’s stock valued at $317,000 after buying an additional 220 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Up 0.7 %

NASDAQ:CSGP opened at $74.06 on Tuesday. The firm has a market capitalization of $30.36 billion, a price-to-earnings ratio of 168.32 and a beta of 0.87. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock’s 50 day moving average price is $73.90 and its two-hundred day moving average price is $75.36.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. Citigroup cut their target price on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Stephens reiterated an “overweight” rating and issued a $103.00 target price on shares of CoStar Group in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $90.23.

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.