Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Up 29.5% in February

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 356,200 shares, an increase of 29.5% from the January 31st total of 275,100 shares. Based on an average daily volume of 111,900 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

CIGI has been the topic of several research reports. The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They issued a "neutral" rating and a $170.00 target price on the stock. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a report on Tuesday. Royal Bank of Canada lifted their price objective 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. National Bankshares reduced their price target 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, StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and an average price target of $167.67.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Tower Research Capital LLC TRC raised its holdings in 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 in the last quarter. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the third quarter worth about $112,000. Tobam lifted its position in shares of Colliers International Group by 12.0% during the fourth 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 Colliers International Group in the fourth quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after buying an additional 378 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Down 2.2 %

Colliers International Group stock traded down $2.86 during midday trading on Thursday, hitting $125.23. 72,568 shares of the stock were exchanged, compared to its average volume of 124,163. 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 company has a 50 day moving average price of $134.60 and a two-hundred day moving average price of $142.79. The firm has a market cap of $6.34 billion, a P/E ratio of 39.47 and a beta of 1.49. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96.

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 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%. On average, sell-side analysts predict 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.