46,232 Shares in Colliers International Group Inc. $CIGI Purchased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp initiated a new position in Colliers International Group, buying 46,232 shares worth approximately $7.22 million, representing about 0.09% of the company at quarter-end.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and an average price target of $170.71, although several banks trimmed targets recently to the $155–$160 range.
• Colliers shares recently traded around $108.06$5.52 billion, a P/E of 53.76, and a 52-week range of $95.66–$171.51, indicating a large gap between current price and analyst targets.

Tudor Investment Corp ET AL purchased a new position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,232 shares of the financial services provider's stock, valued at approximately $7,222,000. Tudor Investment Corp ET AL owned approximately 0.09% of Colliers International Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider's stock worth $40,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. boosted its position in Colliers International Group by 17.1% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider's stock worth $79,000 after acquiring an additional 74 shares during the period. Stonegate Investment Group LLC boosted its position in Colliers International Group by 4.2% during the 3rd quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider's stock worth $297,000 after acquiring an additional 76 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Colliers International Group during the 3rd quarter worth about $26,000. Finally, Marshall Wace LLP boosted its position in Colliers International Group by 7.4% during the 2nd quarter. Marshall Wace LLP now owns 2,900 shares of the financial services provider's stock worth $379,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CIGI shares. Zacks Research upgraded Colliers International Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Colliers International Group in a research report on Wednesday, January 21st. National Bank Financial decreased their price objective on Colliers International Group from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, February 17th. Scotiabank decreased their price objective on Colliers International Group from $185.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $175.00 price objective on Colliers International Group in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $170.71.

Colliers International Group Stock Down 0.6%

Shares of Colliers International Group stock opened at $108.06 on Wednesday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 53.76 and a beta of 1.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. Colliers International Group Inc. has a 52-week low of $95.66 and a 52-week high of $171.51. The stock has a 50-day simple moving average of $116.16 and a 200-day simple moving average of $137.84.

About Colliers International Group

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.

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