Van Berkom & Associates Inc. Sells 27,055 Shares of Colliers International Group Inc. $CIGI

Van Berkom & Associates Inc. lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 44.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,526 shares of the financial services provider’s stock after selling 27,055 shares during the period. Van Berkom & Associates Inc.’s holdings in Colliers International Group were worth $3,014,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Colliers International Group by 3.4% in the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider’s stock worth $424,409,000 after purchasing an additional 129,144 shares in the last quarter. Spruce House Investment Management LLC lifted its stake in Colliers International Group by 93.0% during the first quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock valued at $268,387,000 after purchasing an additional 1,209,867 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Colliers International Group during the second quarter valued at approximately $292,656,000. Jupiter Topco LLC bought a new stake in Colliers International Group during the second quarter worth approximately $238,809,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in Colliers International Group by 100.9% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,633,556 shares of the financial services provider’s stock worth $174,611,000 after buying an additional 820,315 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $95.69 on Tuesday. Colliers International Group Inc. has a one year low of $83.21 and a one year high of $153.87. The company has a 50-day moving average of $92.77 and a two-hundred day moving average of $103.25. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 67.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Wednesday, November 4th. The financial services provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.03. Colliers International Group had a net margin of 1.18% and a return on equity of 21.37%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that Colliers International Group Inc. will post 6.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of Colliers International Group in a research report on Thursday, September 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Colliers International Group in a research note on Tuesday, November 3rd. Scotia decreased their target price on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada decreased their target price on Colliers International Group from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. Finally, Raymond James Financial cut their target price on Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

About Colliers International Group

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and the built environment. Its services include property leasing and sales, property and facilities management, valuation and advisory, and real estate project management.

The company also provides engineering and consulting services for infrastructure, buildings, and related projects, along with investment management for real estate and other property-related strategies.