18,124 Shares in Colliers International Group Inc. $CIGI Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the second quarter, HoldingsChannel reports. The fund bought 18,124 shares of the financial services provider’s stock, valued at approximately $2,576,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CIGI. EverSource Wealth Advisors LLC boosted its holdings in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 63 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Colliers International Group by 5.9% in the first quarter. NewEdge Advisors LLC now owns 2,248 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 126 shares during the period. Arax Advisory Partners raised its holdings in shares of Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 126 shares during the last quarter. Versor Investments LP raised its holdings in shares of Colliers International Group by 6.2% during the fourth quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 142 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Colliers International Group by 8.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 151 shares during the period. Institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

CIGI has been the topic of several research reports. Royal Bank Of Canada dropped their target price on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Scotiabank decreased their target price on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial increased their price target on Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, Scotia cut their price objective on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.56.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $107.06 on Monday. The firm’s 50 day moving average price is $98.54 and its 200-day moving average price is $104.85. Colliers International Group Inc. has a twelve month low of $88.38 and a twelve month high of $171.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $5.47 billion, a PE ratio of 50.98 and a beta of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. Equities research analysts expect that Colliers International Group Inc. will post 6.82 EPS for the current year.

Colliers International Group Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.