CoStar Group, Inc. (CSGP) Is At $383.72 Formed Wedge; Trafelet Brokaw Capital Management LP Has Raised Golar Lng LTD Bermuda (GLNG) Stake

May 21, 2018 - By Henry Gaston

Golar LNG Limited (NASDAQ:GLNG) Logo

Trafelet Brokaw Capital Management Lp increased Golar Lng Ltd Bermuda (GLNG) stake by 56.07% reported in 2017Q4 SEC filing. Trafelet Brokaw Capital Management Lp acquired 391,125 shares as Golar Lng Ltd Bermuda (GLNG)’s stock declined 7.01%. The Trafelet Brokaw Capital Management Lp holds 1.09M shares with $32.45M value, up from 697,556 last quarter. Golar Lng Ltd Bermuda now has $3.47B valuation. The stock increased 0.26% or $0.09 during the last trading session, reaching $34.35. About 108,150 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 1.30% since May 21, 2017 and is uptrending. It has underperformed by 10.25% the S&P500.

CoStar Group, Inc. (CSGP) formed wedge up with $410.58 target or 7.00% above today’s $383.72 share price. CoStar Group, Inc. (CSGP) has $13.96 billion valuation. The stock increased 0.59% or $2.265 during the last trading session, reaching $383.715. About 36,563 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 72.55% since May 21, 2017 and is uptrending. It has outperformed by 61.00% the S&P500.

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. The rating was maintained by SunTrust with “Buy” on Monday, April 23. J.P. Morgan downgraded it to “Sell” rating and $325.0 target in Tuesday, December 12 report. The firm has “Buy” rating by SunTrust given on Thursday, October 26. The company was initiated on Tuesday, December 20 by Citigroup. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. SunTrust maintained it with “Buy” rating and $310.0 target in Friday, October 20 report. The company was maintained on Thursday, October 26 by Needham. The rating was maintained by Stephens on Wednesday, January 24 with “Buy”. The firm has “Buy” rating given on Thursday, October 5 by Bank of America. The firm has “Underweight” rating by JP Morgan given on Tuesday, April 24.

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 $38.94 million for 89.65 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.

Since February 27, 2018, it had 0 insider buys, and 7 insider sales for $46.01 million activity. Shares for $1.08M were sold by KLEIN MICHAEL R on Thursday, March 22. Linnington Matthew sold 7,921 shares worth $2.76M. Hill John W had sold 1,150 shares worth $415,472 on Thursday, March 29. Shares for $442,113 were sold by Wheeler Scott T. Shares for $4.31 million were sold by CARCHEDI FRANCIS on Wednesday, March 7. FLORANCE ANDREW C also sold $27.79M worth of CoStar Group, Inc. (NASDAQ:CSGP) shares.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.18, from 1.42 in 2017Q3. It turned negative, as 37 investors sold CoStar Group, Inc. shares while 92 reduced holdings. 50 funds opened positions while 110 raised stakes. 33.36 million shares or 0.58% less from 33.56 million shares in 2017Q3 were reported. Winslow Mngmt Ltd Liability invested in 1.09% or 665,827 shares. Oakbrook Invests Ltd Llc invested in 1,298 shares. Conestoga Limited Company has 0.96% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 84,204 shares. Arrowstreet Limited Partnership has invested 0.04% in CoStar Group, Inc. (NASDAQ:CSGP). California Employees Retirement has invested 0.03% in CoStar Group, Inc. (NASDAQ:CSGP). Df Dent And Incorporated holds 297,150 shares. Shellback Cap L P, a Massachusetts-based fund reported 52,957 shares. Vanguard Group reported 3.03M shares stake. Washington-based Zevenbergen Invs has invested 0.98% in CoStar Group, Inc. (NASDAQ:CSGP). Redmond Asset Mngmt Ltd Liability Corporation accumulated 4,600 shares or 0.59% of the stock. Kayne Anderson Rudnick Invest Management Lc accumulated 67,334 shares. Carroll Financial Assoc Incorporated holds 0% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 51 shares. Columbia Wanger Asset Management Limited accumulated 61,466 shares. 1,624 are held by Asset Management. Shell Asset Mngmt Company invested in 0.01% or 1,556 shares.

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

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By1 Henry Gaston

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