BloombergSen Inc. Has $100.38 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

BloombergSen Inc. reduced its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 39.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,194 shares of the financial services provider’s stock after selling 422,644 shares during the quarter. Colliers International Group makes up 5.8% of BloombergSen Inc.’s holdings, making the stock its 7th largest position. BloombergSen Inc. owned 1.35% of Colliers International Group worth $100,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CIGI. Capstone Investment Advisors LLC purchased a new position in Colliers International Group in the first quarter worth $229,000. Central Pacific Bank Trust Division purchased a new position in Colliers International Group during the 1st quarter worth $118,000. Empowered Funds LLC increased its position in Colliers International Group by 9.9% during the 1st quarter. Empowered Funds LLC now owns 7,178 shares of the financial services provider’s stock valued at $877,000 after buying an additional 645 shares in the last quarter. Swiss National Bank increased its position in Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock valued at $10,044,000 after buying an additional 400 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Colliers International Group by 33.9% in the first quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock valued at $2,015,000 after buying an additional 4,169 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CIGI shares. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets upped their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. National Bankshares lifted their price objective on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada lifted their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $151.22 on Friday. The firm’s fifty day moving average is $148.38 and its two-hundred day moving average is $129.97. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 51.44 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. Colliers International Group Inc. has a one year low of $94.85 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Research analysts expect that Colliers International Group Inc. will post 5.63 EPS for the current year.

About Colliers International Group

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.