Aquatic Capital Management LLC boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 147.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,143 shares of the financial services provider's stock after purchasing an additional 6,043 shares during the quarter. Aquatic Capital Management LLC's holdings in Colliers International Group were worth $1,379,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CIGI. Tower Research Capital LLC TRC raised its position in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares during the last quarter. Plato Investment Management Ltd raised its holdings in Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares in the last quarter. Tobam lifted its position in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group during the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 378 shares during the period. 80.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CIGI has been the subject of several research reports. The Goldman Sachs Group reduced their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Raymond James decreased their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research note on Tuesday, March 4th. Finally, Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.80.
Check Out Our Latest Stock Report on CIGI
Colliers International Group Price Performance
Shares of NASDAQ CIGI traded up $0.40 during trading on Monday, reaching $122.25. The company had a trading volume of 26,851 shares, compared to its average volume of 113,700. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week 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 business's 50 day moving average price is $119.36 and its 200-day moving average price is $134.23. The stock has a market cap of $6.03 billion, a PE ratio of 38.34 and a beta of 1.36.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
Colliers International Group Company Profile
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Free Report)
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.
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