Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd lifted its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 856 shares of the financial services provider’s stock after purchasing an additional 118 shares during the quarter. Plato Investment Management Ltd’s holdings in Colliers International Group were worth $117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS raised its position in Colliers International Group by 23.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider’s stock worth $1,102,000 after buying an additional 1,375 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Colliers International Group during the third quarter valued at $702,000. Empowered Funds LLC boosted its holdings in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 4,678 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Colliers International Group during the 3rd quarter worth about $2,581,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Colliers International Group by 114.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock valued at $24,552,000 after buying an additional 86,469 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.2 %

Shares of Colliers International Group stock opened at $125.52 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $135.01 and its 200 day moving average price is $142.98. The firm has a market capitalization of $6.35 billion, a PE ratio of 39.35 and a beta of 1.49. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. On average, sell-side analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analysts Set New Price Targets

CIGI has been the topic of several recent research reports. National Bankshares lowered their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Scotiabank lowered their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price 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.