Shares of the company are trading at $295.75 which is a tad above $280.05, the stock’s 50 day moving average and quite a bit above the 200 day moving average of $267.47. The 50 day moving average was up $15.70 and the 200 day average was up $28.28. (NASDAQ:CSGP) shares saw heavy trading volume with 284K shares changing hands in the last trading session. Trading volume was up 9.49% over the stocks average daily volume.
Traders are a little more bearish on CoStar Group, Inc. of late looking at the change in short interest. The stock recorded 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. The short-interest ratio increased to 3.0 and the short interest percentage is 0.02% as of October 13.
A few notable investment firms have updated their holdings. Sumitomo Mitsui Asset Management Company, Ltd grew its holdings by buying 16,133 shares an increase of 141.4% as of 09/30/2017. Sumitomo Mitsui Asset Management Company, Ltd now holds 27,546 shares worth $7,389,000. The total value of its holdings increased 145.6%. Cornerstone Advisors, Inc. expanded its stake by buying 128 shares an increase of 88.3% in the quarter. Cornerstone Advisors, Inc. claims 273 shares valued at $73,000. The value of the position overall is up by 92.1%.
Parametrica Management Ltd reduced its investment by selling 372 shares a decrease of 23.0% from 03/31/2017 to 09/30/2017. Parametrica Management Ltd controls 1,243 shares with a value of $333,000. The value of the position overall is down by 0.6%. As of quarter end Andra Ap-fonden had bought 2,500 shares growing its position 92.6%. The value of the investment in (CSGP) increased from $712,000 to $1,395,000 a change of $683,000 for the reporting period.
The most current P/E ratio is 99.28 and the market value is 9.71B. As of the latest earnings report the EPS was $2.98 and is projected to be $4.69 for the current year with 32,820,000 shares now outstanding. Next quarter’s EPS is estimated at $1.32 and the next full year EPS is anticipated to be $6.23.
CoStar Group, Inc. (CoStar), launched on February 2, 1998, is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The Company manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which includes the United Kingdom, Spain, Germany and France. Its suite of information, analytics and online marketplaces is branded and marketed to its customers. Its services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information..