Connor Clark & Lunn Investment Management Ltd. Buys 86,469 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 114.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,800 shares of the financial services provider's stock after acquiring an additional 86,469 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.33% of Colliers International Group worth $24,552,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CIGI. Blue Trust Inc. lifted its holdings in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after acquiring an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock worth $52,000 after acquiring an additional 226 shares during the period. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the 3rd quarter worth about $112,000. Bayesian Capital Management LP bought a new stake in Colliers International Group in the first quarter valued at about $205,000. Finally, Stonegate Investment Group LLC acquired a new position in Colliers International Group in the third quarter valued at about $264,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Up 1.0 %

NASDAQ:CIGI traded up $1.36 on Thursday, reaching $143.40. The company's stock had a trading volume of 10,199 shares, compared to its average volume of 113,134. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. 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 $7.04 billion, a price-to-earnings ratio of 45.24 and a beta of 1.50. The stock has a 50 day moving average price of $149.29 and a 200 day moving average price of $132.63.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Colliers International Group's revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CIGI shares. Raymond James lowered shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Scotiabank boosted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a research report on Friday, September 13th. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, National Bankshares raised their target price on Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $160.42.

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.