Renaissance Technologies LLC increased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,100 shares of the financial services provider's stock after acquiring an additional 7,000 shares during the quarter. Renaissance Technologies LLC owned about 1.08% of Colliers International Group worth $72,214,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FIL Ltd increased its holdings in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after acquiring an additional 832,583 shares in the last quarter. Norges Bank acquired a new position in Colliers International Group during the 4th quarter valued at approximately $74,615,000. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Colliers International Group by 67.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after acquiring an additional 176,232 shares during the period. Finally, American Century Companies Inc. increased its holdings in Colliers International Group by 53.2% in the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock worth $30,218,000 after buying an additional 77,204 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.
Colliers International Group Price Performance
Shares of NASDAQ CIGI traded up $0.53 during midday trading on Tuesday, hitting $114.65. The stock had a trading volume of 40,317 shares, compared to its average volume of 131,097. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96. The company has a market capitalization of $5.65 billion, a PE ratio of 35.94 and a beta of 1.36. The stock has a 50 day simple moving average of $123.59 and a 200-day simple moving average of $137.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.
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 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CIGI shares. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. CIBC began coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price on the stock. Finally, Colliers Securities set a $160.00 price target on Colliers International Group in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.80.
Check Out Our Latest Research Report on CIGI
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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