Kentucky Retirement Systems Discloses New Position in CoStar Group, Inc.
According to a recent Form 13F filing submitted to the SEC, Kentucky Retirement Systems disclosed a noteworthy new position in CoStar Group, Inc. (NASDAQ: CSGP) stock. Here’s what you need to know about CoStar Group, Inc., as well as Kentucky Retirement Systems’s position in shares of CSGP stock:
Kentucky Retirement Systems
Kentucky has three separate retirement systems – the County Employees Retirement System, Kentucky Employee Retirement System, and the State Police Retirement System. Each of those systems has a pension fund and an insurance trust fund. The systems serve active and retired state and local government employees, State Police officers, and nonteaching staff of local school boards and regional universities. The 10 funds are administered by the two 9-member boards of trustees, each consisting of three elected members and six gubernatorial appointees serving four-year terms. You can learn more about Kentucky Retirement Systems on their website here.
Kentucky Retirement Systems’s New Position in CSGP Stock
According to the most recent 13F filing from Kentucky Retirement Systems, the institutional investment manager added a meaningful position in CoStar Group, Inc. (NASDAQ: CSGP), with 30,994 shares, which represents approximately 0.0076% of the 406,690,003 total CSGP shares outstanding. Based on CSGP’s last closing price of $82.71 per share, Kentucky Retirement Systems’s stake in CSGP is worth approximately $2,563,513.74, assuming no change in the position size. If you’re not very familiar with CoStar Group, Inc., learn more below.
CoStar Group, Inc. (NASDAQ: CSGP)
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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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. The company also provides Lease Comps and Analysis, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.
Summary
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Kentucky Retirement Systems. Also be sure to check out more recent 13F filing analysis news here.
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