Entropy Technologies LP Has $570,000 Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Key Points

• Entropy Technologies LP increased its stake in Colliers International Group by 80.8% during the first quarter, holding 4,700 shares valued at $570,000.
• Several hedge funds, including the National Bank of Canada FI and Vanguard Group, also raised their positions in Colliers International Group, highlighting strong institutional interest.
• The stock received several upgrades from analysts, with target prices being raised to between $168.40 and $180, reflecting positive sentiment and a consensus rating of "Moderate Buy."

Entropy Technologies LP boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 80.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,700 shares of the financial services provider's stock after buying an additional 2,100 shares during the quarter. Entropy Technologies LP's holdings in Colliers International Group were worth $570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in Colliers International Group by 4.5% during the 1st quarter. National Bank of Canada FI now owns 96,676 shares of the financial services provider's stock worth $11,414,000 after buying an additional 4,195 shares in the last quarter. Deutsche Bank AG lifted its holdings in Colliers International Group by 2.1% during the 1st quarter. Deutsche Bank AG now owns 42,681 shares of the financial services provider's stock worth $5,177,000 after buying an additional 896 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Colliers International Group by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,006 shares of the financial services provider's stock worth $11,496,000 after buying an additional 478 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Colliers International Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock worth $230,558,000 after buying an additional 38,379 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Colliers International Group by 4.6% during the 1st quarter. Scotia Capital Inc. now owns 10,663 shares of the financial services provider's stock valued at $1,293,000 after acquiring an additional 468 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

Wall Street Analyst Weigh In

CIGI has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Colliers International Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Scotiabank upped their target price on shares of Colliers International Group from $155.00 to $170.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Citizens Jmp initiated coverage on shares of Colliers International Group in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, CIBC upped their target price on shares of Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.40.

Colliers International Group Stock Up 0.4%

NASDAQ CIGI traded up $0.67 on Friday, reaching $162.80. The company had a trading volume of 127,180 shares, compared to its average volume of 135,153. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 74.00 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $163.18. The company's fifty day moving average is $138.51 and its 200-day moving average is $128.80.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. On average, research analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

About Colliers International Group

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.