Colliers International Group Inc. (NASDAQ:CIGI) is PCJ Investment Counsel Ltd.'s 10th Largest Position

PCJ Investment Counsel Ltd. grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,540 shares of the financial services provider's stock after acquiring an additional 7,520 shares during the period. Colliers International Group comprises 2.4% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 10th biggest position. PCJ Investment Counsel Ltd. owned approximately 0.10% of Colliers International Group worth $7,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CIGI. Kornitzer Capital Management Inc. KS boosted its holdings in Colliers International Group by 23.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider's stock worth $1,102,000 after buying an additional 1,375 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Colliers International Group in the 3rd quarter worth approximately $702,000. Plato Investment Management Ltd bought a new position in Colliers International Group in the 3rd quarter worth approximately $112,000. Empowered Funds LLC boosted its holdings in Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock worth $1,885,000 after buying an additional 4,678 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in Colliers International Group in the 3rd quarter worth approximately $2,581,000. 80.09% of the stock is owned by institutional investors.

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Colliers International Group Stock Up 0.4 %

NASDAQ CIGI traded up $0.50 during trading hours on Wednesday, reaching $122.60. 171,037 shares of the company's stock traded hands, compared to its average volume of 112,464. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $6.04 billion, a PE ratio of 38.43 and a beta of 1.58. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The firm has a 50-day simple moving average of $133.64 and a 200 day simple moving average of $142.27.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CIGI shares. Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. National Bankshares lowered their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research report on Tuesday, March 4th. Finally, Raymond James lowered their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $166.90.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.