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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) was the target of a large increase in short interest in 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 trading volume, of 111,900 shares, the short-interest ratio is presently 3.2 days.

Colliers International Group Trading Down 0.8 %

Shares of CIGI stock traded down $1.01 during trading on Thursday, hitting $127.09. 23,290 shares of the stock traded hands, compared to its average volume of 122,848. The firm’s fifty day moving average price is $134.60 and its 200-day moving average price is $142.79. 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 firm has a market capitalization of $6.43 billion, a P/E ratio of 39.84 and a beta of 1.49. Colliers International Group has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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%. As a group, research analysts forecast that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Institutional Trading of Colliers International Group

Several hedge funds have recently made changes to their positions in the company. Durable Capital Partners LP grew its stake in Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after acquiring an additional 102,586 shares during the period. Vanguard Group Inc. grew its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after acquiring an additional 21,422 shares during the last quarter. FIL Ltd grew its holdings in Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock worth $210,449,000 after buying an additional 832,583 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in shares of Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after acquiring an additional 20,794 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CIGI. The Goldman Sachs Group began coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a report on Tuesday. Raymond James lowered their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Finally, Scotiabank dropped their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $167.67.

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.