Costar Group (CSGP) Share Value Rose While Caledonia Private Investments Pty LTD Cut Its Holding; As Rio Tinto Plc (RIO) Shares Declined, Shareholder Nikko Asset Management Americas Has Trimmed Its Stake

June 14, 2018 - By Ash

CoStar Group, Inc. (NASDAQ:CSGP) Logo

Caledonia Private Investments Pty Ltd decreased its stake in Costar Group Inc (CSGP) by 5.04% based on its latest 2018Q1 regulatory filing with the SEC. Caledonia Private Investments Pty Ltd sold 4,461 shares as the company’s stock rose 7.76% while stock markets declined. The institutional investor held 84,021 shares of the miscellaneous company at the end of 2018Q1, valued at $30.47 million, down from 88,482 at the end of the previous reported quarter. Caledonia Private Investments Pty Ltd who had been investing in Costar Group Inc for a number of months, seems to be less bullish one the $14.86B market cap company. The stock increased 0.47% or $1.91 during the last trading session, reaching $408.26. About 97,569 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 46.75% since June 14, 2017 and is uptrending. It has outperformed by 34.18% the S&P500. Some Historical CSGP News: 25/04/2018 – Pioneer Select Mid Cap Growth Adds Microchip, Cuts CoStar; 23/04/2018 – COSTAR 1Q REV. $274M, EST. $270.6M; 23/04/2018 – CoStar Group 1Q Rev $273.7M; 23/04/2018 – CoStar Group Sees 2Q Adj EPS $1.25-Adj EPS $1.34; 23/04/2018 – CoStar Group 1Q Adj EPS $1.65; 30/04/2018 – CoStar Non-Deal Roadshow Scheduled By JMP Securities for May. 2

Nikko Asset Management Americas Inc decreased its stake in Rio Tinto Plc (RIO) by 58.99% based on its latest 2018Q1 regulatory filing with the SEC. Nikko Asset Management Americas Inc sold 1.13 million shares as the company’s stock declined 1.78% with the market. The institutional investor held 787,347 shares of the precious metals company at the end of 2018Q1, valued at $40.57 million, down from 1.92 million at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Rio Tinto Plc for a number of months, seems to be less bullish one the $101.56B market cap company. The stock decreased 0.22% or $0.13 during the last trading session, reaching $58.6. About 1.10M shares traded. Rio Tinto plc (NYSE:RIO) has risen 37.67% since June 14, 2017 and is uptrending. It has outperformed by 25.10% the S&P500. Some Historical RIO News: 09/04/2018 – RIO TINTO TOTAL 2017 TAXES, ROYALTIES $5.1B; $3.8B IN AUSTRALIA; 17/04/2018 – Rio Tinto first-quarter shipments rise 4.7 pct; 16/03/2018 – Rio Tinto hires UBS to explore Pacific Aluminium listing; 20/03/2018 – Rio Tinto fears impact of trade war concerns despite tariff exemptions; 06/03/2018 – Rio Tinto: to Start Tests on 15 Autonomous Trucks at West Angelas This Month; 27/03/2018 – Rio Tinto Sells 80% of Kestrel Mine; 18/05/2018 – Rio Tinto Backs Pilbara 2018 Shipments Guidance of 330M-340M Tons of Iron Ore; 30/04/2018 – Australia Regulator Expands Lawsuit Against Rio Tinto, Former CEO, CFO Over Mozambique Matter; 18/05/2018 – Rio Tinto Approved to Operate Trains at Iron ore Business in Western Australia; 13/04/2018 – RIO TINTO PLC – AGREEMENTS ALSO INCLUDE OFFTAKE CONTRACTS FOR ALUMINA THAT ARE USED AT RIO TINTO’S SMELTERS, MAINLY IN FRANCE AND ICELAND

More recent Rio Tinto plc (NYSE:RIO) news were published by: Seekingalpha.com which released: “Rio Tinto confirms talks over $3.5B Indonesia mine stake sale” on May 23, 2018. Also Seekingalpha.com published the news titled: “The Curious Case Of Freeport-McMoRan” on June 11, 2018. Streetinsider.com‘s news article titled: “Rio Tinto hires CFO from Danish shipper Maersk” with publication date: June 12, 2018 was also an interesting one.

Nikko Asset Management Americas Inc, which manages about $3.82 billion and $2.81B US Long portfolio, upped its stake in Interactive Brokers Group Inc (NASDAQ:IBKR) by 772,732 shares to 918,832 shares, valued at $61.78 million in 2018Q1, according to the filing. It also increased its holding in Lyondellbasell Industries Nv (NYSE:LYB) by 16,170 shares in the quarter, for a total of 38,170 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Among 23 analysts covering Rio Tinto (NYSE:RIO), 9 have Buy rating, 4 Sell and 10 Hold. Therefore 39% are positive. Rio Tinto had 56 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained Rio Tinto plc (NYSE:RIO) rating on Wednesday, October 4. Jefferies has “Buy” rating and $55.0 target. On Monday, November 13 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was upgraded by RBC Capital Markets to “Outperform” on Thursday, September 8. The stock of Rio Tinto plc (NYSE:RIO) has “Hold” rating given on Tuesday, October 17 by Citigroup. As per Wednesday, May 23, the company rating was downgraded by HSBC. Cowen & Co maintained the stock with “Hold” rating in Thursday, January 18 report. The rating was downgraded by J.P. Morgan on Monday, November 13 to “Hold”. The stock has “Overweight” rating by JP Morgan on Monday, September 12. CLSA upgraded Rio Tinto plc (NYSE:RIO) on Friday, April 7 to “Buy” rating. Liberum Capital upgraded Rio Tinto plc (NYSE:RIO) on Wednesday, August 5 to “Hold” rating.

Caledonia Private Investments Pty Ltd, which manages about $5.46B US Long portfolio, upped its stake in Howard Hughes Corp (NYSE:HHC) by 136,253 shares to 1.24 million shares, valued at $172.15M in 2018Q1, according to the filing. It also increased its holding in Vulcan Materials Co (NYSE:VMC) by 168,233 shares in the quarter, for a total of 1.64 million shares, and has risen its stake in Grubhub Inc (NYSE:GRUB).

Among 12 analysts covering CoStar Group (NASDAQ:CSGP), 10 have Buy rating, 2 Sell and 0 Hold. Therefore 83% are positive. CoStar Group had 22 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, August 12, the company rating was downgraded by Zacks. Bank of America maintained the stock with “Buy” rating in Thursday, October 5 report. The firm has “Buy” rating given on Thursday, October 26 by SunTrust. The rating was initiated by Needham on Monday, August 22 with “Buy”. The firm earned “Buy” rating on Friday, October 20 by SunTrust. The rating was maintained by SunTrust on Monday, April 23 with “Buy”. The stock has “Buy” rating by Wells Fargo on Thursday, January 18. The firm earned “Buy” rating on Wednesday, January 24 by Stephens. The firm earned “Buy” rating on Tuesday, December 20 by Citigroup. Needham maintained CoStar Group, Inc. (NASDAQ:CSGP) on Thursday, October 26 with “Buy” rating.

Since February 27, 2018, it had 0 buys, and 7 insider sales for $46.01 million activity. Shares for $4.31 million were sold by CARCHEDI FRANCIS on Wednesday, March 7. $27.79M worth of CoStar Group, Inc. (NASDAQ:CSGP) shares were sold by FLORANCE ANDREW C. The insider Hill John W sold 1,150 shares worth $415,472. 1,250 shares were sold by Wheeler Scott T, worth $442,113 on Monday, March 5. KLEIN MICHAEL R also sold $1.08M worth of CoStar Group, Inc. (NASDAQ:CSGP) shares.

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on July, 25. They expect $1.07 earnings per share, up 38.96% or $0.30 from last year’s $0.77 per share. CSGP’s profit will be $38.94M for 95.39 P/E if the $1.07 EPS becomes a reality. After $1.44 actual earnings per share reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts -25.69% negative EPS growth.

More news for CoStar Group, Inc. (NASDAQ:CSGP) were recently published by: Globenewswire.com, which released: “Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, TechTarget, Sina, and …” on June 06, 2018. Businesswire.com‘s article titled: “Steve Becerra and Intero Commercial Are CoStar Power Broker® Award Winners” and published on June 13, 2018 is yet another important article.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.25, from 1.24 in 2017Q4. It turned negative, as 27 investors sold CSGP shares while 115 reduced holdings. 50 funds opened positions while 91 raised stakes. 33.13 million shares or 0.69% less from 33.36 million shares in 2017Q4 were reported. Hennessy Advsrs stated it has 3,660 shares. Moreover, Hengehold Ltd Liability has 0.07% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 695 shares. Riverbridge Prtn Limited accumulated 316,365 shares or 2.1% of the stock. Bnp Paribas Asset, France-based fund reported 715 shares. First Quadrant Lp Ca holds 0% or 300 shares. Trust Department Mb Retail Bank N A owns 0% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 29 shares. State Common Retirement Fund holds 85,734 shares or 0.04% of its portfolio. Nevada-based Whittier Trust Of Nevada has invested 0% in CoStar Group, Inc. (NASDAQ:CSGP). Caledonia (Private) Invs Pty Limited owns 84,021 shares or 0.56% of their US portfolio. Pictet Asset Mngmt stated it has 0.01% in CoStar Group, Inc. (NASDAQ:CSGP). 203 are held by Cornerstone Advsrs. Wellington Shields Capital Management Ltd Com holds 0.04% or 675 shares in its portfolio. Paloma Prtnrs Comm holds 0.02% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 3,294 shares. Voloridge Mgmt Ltd Liability Com invested in 0.01% or 1,523 shares. Marsico Management Limited Liability invested in 22,289 shares.

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

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