Plato Investment Management Ltd Acquires New Position in Colliers International Group Inc. (NASDAQ:CIGI)

Plato Investment Management Ltd bought a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 3rd quarter, Holdings Channel reports. The firm bought 738 shares of the financial services provider’s stock, valued at approximately $112,000.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank grew its holdings in shares of Colliers International Group by 0.5% in the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock worth $10,044,000 after acquiring an additional 400 shares during the period. Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 4,169 shares during the last quarter. Blair William & Co. IL increased its position in shares of Colliers International Group by 13.6% in the first quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock valued at $4,251,000 after buying an additional 4,170 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Colliers International Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock worth $159,016,000 after buying an additional 5,152 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Colliers International Group by 7.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 11,751 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 770 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CIGI. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price objective on 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 upped their target price on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research note 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. Finally, Raymond James downgraded Colliers International Group from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. Two 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.42.

Colliers International Group Stock Down 1.4 %

Shares of NASDAQ CIGI opened at $144.55 on Friday. The firm’s 50 day moving average price is $149.22 and its 200 day moving average price is $131.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market cap of $7.10 billion, a P/E ratio of 46.04 and a beta of 1.50. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 EPS. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

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.