Granahan Investment Management Incma buys $51 Million stake in CoStar Group Inc (CSGP)

CoStar Group Inc (CSGP) : Granahan Investment Management Incma scooped up 1,071 additional shares in CoStar Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 257,973 shares of CoStar Group Inc which is valued at $51 Million.CoStar Group Inc makes up approximately 1.88% of Granahan Investment Management Incma’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in CSGP by selling 372 shares or 7.83% in the most recent quarter. The Hedge Fund company now holds 4,377 shares of CSGP which is valued at $864,939. First Trust Advisors Lp added CSGP to its portfolio by purchasing 7,529 company shares during the most recent quarter which is valued at $1.5 Million.Gilder Gagnon Howe Co reduced its stake in CSGP by selling 25,401 shares or 23.47% in the most recent quarter. The Hedge Fund company now holds 82,811 shares of CSGP which is valued at $16.2 Million. CoStar Group Inc makes up approx 0.32% of Gilder Gagnon Howe Co’s portfolio. Atwood Palmer Inc sold out all of its stake in CSGP during the most recent quarter. The investment firm sold 249 shares of CSGP which is valued $49,130.

CoStar Group Inc opened for trading at $201.53 and hit $203.32 on the upside on Wednesday, eventually ending the session at $202.47, with a gain of 0.55% or 1.11 points. The heightened volatility saw the trading volume jump to 1,03,117 shares. Company has a market cap of $6,591 M.

On the company’s financial health, CoStar Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $197.15 million. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

CoStar Group Inc. (CoStar) is a provider of information analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar LoopNet BizBuySell and LandsofAmerica. The Company has operations in the United States Canada the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease comparable sales information information about properties for sale tenant information Internet marketing services analytical capabilities information for clients’ Websites information about industry professionals and their business relationships data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

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