CDAM UK Ltd Lowers Stake in Colliers International Group Inc. (NASDAQ:CIGI)

CDAM UK Ltd decreased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 8.5% in the third quarter, Holdings Channel reports. The firm owned 612,916 shares of the financial services provider’s stock after selling 57,195 shares during the quarter. Colliers International Group comprises about 13.7% of CDAM UK Ltd’s portfolio, making the stock its biggest holding. CDAM UK Ltd’s holdings in Colliers International Group were worth $93,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CIGI. Blue Trust Inc. grew its holdings in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Colliers International Group by 93.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after buying an additional 226 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Colliers International Group during the third quarter worth about $112,000. Bayesian Capital Management LP bought a new stake in Colliers International Group during the first quarter worth about $205,000. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group during the third quarter worth approximately $264,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Colliers International Group stock opened at $145.73 on Monday. The business’s 50-day simple moving average is $149.28 and its 200 day simple moving average is $133.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 46.41 and a beta of 1.50. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results 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). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CIGI shares. National Bankshares boosted their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Raymond James lowered 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. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.42.

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.