Quantbot Technologies LP increased its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 193.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,409 shares of the financial services provider's stock after acquiring an additional 8,841 shares during the quarter. Quantbot Technologies LP's holdings in Colliers International Group were worth $1,823,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd increased its stake in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after purchasing an additional 118 shares during the period. Tobam increased its position in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group during the fourth quarter worth approximately $145,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Colliers International Group by 112.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 667 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.
Colliers International Group Price Performance
Shares of NASDAQ CIGI traded down $1.36 during midday trading on Thursday, reaching $122.84. 164,980 shares of the company traded hands, compared to its average volume of 113,175. The stock's 50-day simple moving average is $131.36 and its 200-day simple moving average is $140.81. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The firm has a market cap of $6.06 billion, a PE ratio of 38.51 and a beta of 1.58.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, equities analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on CIGI shares. National Bankshares cut their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group reduced their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, Colliers Securities set a $160.00 price objective on Colliers International Group in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.40.
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About Colliers International Group
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Free Report)
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.
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