Fenimore Asset Management Inc Has $32.67 Million Holdings in Colliers International Group Inc. $CIGI

Key Points

• Fenimore Asset Management trimmed its stake in Colliers International Group by 10.1% in Q4, selling 24,962 shares and retaining 222,258 shares worth about $32.67 million (≈0.45% ownership).
• Institutional ownership is high at 80.09%, with major investors like Durable Capital, JPMorgan, BCIMC and Citadel notably increasing positions in recent quarters.
• Colliers trades with a market cap of $5.30 billion and a P/E of 51.56 (52-week range $95.66–$171.51); analysts show a consensus of "Moderate Buy" with an average target of $165.38, though several firms have recently cut price targets.

Fenimore Asset Management Inc lessened its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,258 shares of the financial services provider's stock after selling 24,962 shares during the quarter. Fenimore Asset Management Inc owned 0.45% of Colliers International Group worth $32,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Durable Capital Partners LP lifted its position in shares of Colliers International Group by 22.0% in the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider's stock worth $473,273,000 after purchasing an additional 652,744 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Colliers International Group by 114,621.7% in the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider's stock worth $53,762,000 after purchasing an additional 343,865 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Colliers International Group by 732.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 214,234 shares of the financial services provider's stock worth $33,498,000 after purchasing an additional 188,508 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group in the third quarter worth $19,158,000. Finally, Citadel Advisors LLC lifted its position in shares of Colliers International Group by 2,790.6% in the third quarter. Citadel Advisors LLC now owns 94,755 shares of the financial services provider's stock worth $14,802,000 after purchasing an additional 91,477 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $103.63 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm's fifty day moving average price is $110.38 and its two-hundred day moving average price is $132.81. Colliers International Group Inc. has a 1 year low of $95.66 and a 1 year high of $171.51. The firm has a market capitalization of $5.30 billion, a P/E ratio of 51.56 and a beta of 1.31.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CIGI shares. National Bank Financial cut their price objective on shares of Colliers International Group from $160.00 to $143.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 8th. Zacks Research raised shares of Colliers International Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 2nd. Scotiabank cut their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada cut their price objective on shares of Colliers International Group from $180.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $165.38.

Colliers International Group Profile

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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