Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Update

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 387,200 shares, a growth of 21.9% from the February 28th total of 317,600 shares. Based on an average daily volume of 124,900 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.9% of the shares of the company are short sold.

Analyst Ratings Changes

A number of brokerages have issued reports on CIGI. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 target price on the stock. The Goldman Sachs Group dropped their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Royal Bank of Canada upped their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. National Bankshares cut 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. Finally, Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research note on Tuesday, March 4th. Four equities 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 data from MarketBeat, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus target price of $164.30.

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Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in shares of Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 298 shares during the period. Plato Investment Management Ltd grew its position in Colliers International Group by 16.0% in the 4th 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 last quarter. Tobam grew 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 purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group during the fourth quarter valued at about $145,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after buying an additional 100 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Down 1.4 %

Shares of CIGI traded down $1.59 during mid-day trading on Monday, reaching $110.58. The company's stock had a trading volume of 211,392 shares, compared to its average volume of 114,825. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 34.66 and a beta of 1.36. The business has a fifty day moving average of $128.62 and a 200 day moving average of $139.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly 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 net margin of 3.35% and a return on equity of 20.38%. As a group, analysts forecast that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Company Profile

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.