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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 633,600 shares, a decline of 8.8% from the August 31st total of 694,600 shares. Based on an average trading volume of 123,200 shares, the short-interest ratio is presently 5.1 days.

Analyst Ratings Changes

CIGI has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a research note on Monday, September 9th. National Bankshares raised their target price on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Finally, Scotiabank raised their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Colliers International Group Trading Down 2.0 %

Shares of Colliers International Group stock traded down $2.99 on Friday, reaching $148.31. The company had a trading volume of 92,367 shares, compared to its average volume of 115,728. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 72.35 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average price is $140.67 and its two-hundred day moving average price is $123.37. Colliers International Group has a 1 year low of $83.38 and a 1 year high of $152.84.

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

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in 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 valued at $159,016,000 after acquiring an additional 5,152 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock valued at $112,834,000 after acquiring an additional 326,453 shares during the period. Victory Capital Management Inc. boosted its holdings in Colliers International Group by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock valued at $82,973,000 after acquiring an additional 41,225 shares during the period. Bank of Montreal Can boosted its holdings in Colliers International Group by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock valued at $76,703,000 after acquiring an additional 6,178 shares during the period. Finally, CDAM UK Ltd boosted its holdings in Colliers International Group by 7.4% during the 4th quarter. CDAM UK Ltd now owns 657,311 shares of the financial services provider’s stock valued at $83,163,000 after acquiring an additional 45,350 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.