Colliers International Group Inc. (NASDAQ:CIGI) Stock Holdings Reduced by CDAM UK Ltd

CDAM UK Ltd trimmed its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 612,916 shares of the financial services provider’s stock after selling 57,195 shares during the quarter. Colliers International Group makes up about 13.7% of CDAM UK Ltd’s investment portfolio, making the stock its largest holding. CDAM UK Ltd owned approximately 1.25% of Colliers International Group worth $93,047,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after buying an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Colliers International Group by 93.0% during 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 in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the 3rd quarter valued at about $112,000. Bayesian Capital Management LP bought a new position in shares of Colliers International Group in the 1st quarter valued at approximately $205,000. Finally, Stonegate Investment Group LLC acquired a new stake in Colliers International Group in the 3rd quarter worth approximately $264,000. Institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $160.00 in a research note on Friday, August 2nd. 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 research report on Friday, August 2nd. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada increased their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.42.

Colliers International Group Stock Up 1.2 %

NASDAQ CIGI opened at $145.73 on Monday. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $7.16 billion, a PE ratio of 46.41 and a beta of 1.50. The firm has a 50-day simple moving average of $149.28 and a 200 day simple moving average of $133.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced 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). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. On average, research analysts forecast that Colliers International Group Inc. will post 5.44 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.