Quantbot Technologies LP grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 193.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,409 shares of the financial services provider's stock after purchasing an additional 8,841 shares during the period. Quantbot Technologies LP's holdings in Colliers International Group were worth $1,823,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC acquired a new stake in Colliers International Group during the 3rd quarter valued at $69,920,000. Franklin Resources Inc. raised its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the period. Loomis Sayles & Co. L P lifted its stake in Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after acquiring an additional 128,005 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Colliers International Group by 93.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider's stock worth $18,491,000 after acquiring an additional 58,858 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Colliers International Group by 225.0% during the 4th quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider's stock worth $9,790,000 after acquiring an additional 49,846 shares during the period. Institutional investors and hedge funds own 80.09% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CIGI. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research note on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Colliers International Group presently has an average rating of "Moderate Buy" and an average target price of $164.40.
View Our Latest Analysis on Colliers International Group
Colliers International Group Stock Performance
Colliers International Group stock traded down $3.48 during trading hours on Tuesday, reaching $123.48. 48,129 shares of the company were exchanged, compared to its average volume of 112,643. 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 $6.09 billion, a price-to-earnings ratio of 38.74 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average of $131.64 and a 200 day moving average of $141.03.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 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%. As a group, research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
About Colliers International Group
(
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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