Balyasny Asset Management L.P. Grows Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Balyasny Asset Management L.P. raised its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 89.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,930 shares of the financial services provider's stock after purchasing an additional 65,958 shares during the period. Balyasny Asset Management L.P. owned 0.28% of Colliers International Group worth $19,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd increased its position in Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after purchasing an additional 832,583 shares during the last quarter. Norges Bank bought a new position in shares of Colliers International Group in the 4th quarter valued at about $74,615,000. Artisan Partners Limited Partnership lifted its holdings in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Colliers International Group by 53.2% in the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock valued at $30,218,000 after acquiring an additional 77,204 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Colliers International Group by 225.0% in the 4th quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider's stock valued at $9,790,000 after acquiring an additional 49,846 shares during the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Down 0.3%

NASDAQ:CIGI traded down $0.38 during trading hours on Tuesday, reaching $128.71. The company's stock had a trading volume of 46,854 shares, compared to its average volume of 114,654. The company has a market capitalization of $6.35 billion, a P/E ratio of 40.35 and a beta of 1.38. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $118.85 and a two-hundred day moving average price of $133.05.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. Equities analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CIGI has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. National Bankshares lowered their price target on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Scotiabank decreased their price objective on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.80.

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.