Nebula Research & Development LLC Purchases New Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Nebula Research & Development LLC purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,531 shares of the financial services provider's stock, valued at approximately $616,000.

Several other large investors have also recently added to or reduced their stakes in CIGI. Franklin Resources Inc. increased its position in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Barclays PLC purchased a new stake in shares of Colliers International Group in the third quarter valued at approximately $1,629,000. Sei Investments Co. grew its holdings in Colliers International Group by 37.7% during the fourth quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock worth $1,792,000 after acquiring an additional 3,606 shares during the period. Vanguard Group Inc. raised its position in Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after acquiring an additional 21,422 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Colliers International Group in the fourth quarter valued at $1,259,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Up 2.4 %

Shares of CIGI traded up $2.84 on Friday, hitting $121.85. 66,930 shares of the stock traded hands, compared to its average volume of 114,046. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96. The stock's 50 day moving average is $119.36 and its two-hundred day moving average is $134.23. The firm has a market capitalization of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

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%. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CIGI shares. Stifel Nicolaus lowered their price target on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Royal Bank of Canada upped their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. National Bankshares reduced their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, Scotiabank lowered their target price on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating on the stock in a report on Monday, March 31st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Company 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.