Kirr Marbach & Co. LLC IN Trims Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Kirr Marbach & Co. LLC IN reduced its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 142,293 shares of the financial services provider’s stock after selling 1,366 shares during the quarter. Colliers International Group makes up about 4.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 5th biggest position. Kirr Marbach & Co. LLC IN’s holdings in Colliers International Group were worth $21,602,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CIGI. Addenda Capital Inc. boosted its stake in Colliers International Group by 8.8% in the first quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider’s stock valued at $15,567,000 after acquiring an additional 10,340 shares during the period. Russell Investments Group Ltd. boosted its position in Colliers International Group by 33.9% during the 1st 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 period. Blair William & Co. IL grew its stake in Colliers International Group by 13.6% during the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock worth $4,251,000 after buying an additional 4,170 shares during the last quarter. Wellington Management Group LLP increased its position in Colliers International Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 561,869 shares of the financial services provider’s stock worth $71,212,000 after buying an additional 67,857 shares during the period. Finally, Swiss National Bank lifted its stake in Colliers International Group by 0.5% in the first 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 during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CIGI shares. BMO Capital Markets upped their price target on shares of 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 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of Colliers International Group in a report on Monday, September 9th. Scotiabank increased their price objective on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Finally, Raymond James downgraded Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average target price of $156.00.

Colliers International Group Trading Up 0.5 %

Shares of NASDAQ:CIGI opened at $151.22 on Friday. Colliers International Group Inc. has a twelve month low of $83.38 and a twelve month high of $154.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.40 billion, a P/E ratio of 73.77 and a beta of 1.49. The company has a 50 day moving average of $145.17 and a 200-day moving average of $126.30.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Colliers International Group Inc. will post 5.66 earnings per share for the current fiscal year.

Colliers International Group 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.