Vulcan Value Partners LLC Reduces Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Vulcan Value Partners LLC cut its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,188 shares of the financial services provider's stock after selling 86,716 shares during the period. Colliers International Group comprises approximately 0.7% of Vulcan Value Partners LLC's investment portfolio, making the stock its 29th largest holding. Vulcan Value Partners LLC owned 0.61% of Colliers International Group worth $40,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Colliers International Group by 1,752.9% during the 4th 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 in the last quarter. Plato Investment Management Ltd grew its holdings in shares of Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 118 shares during the last quarter. Tobam grew its holdings in 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 last quarter. Venturi Wealth Management LLC bought a new stake in Colliers International Group in the 4th quarter worth $145,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after acquiring an additional 378 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research report on Tuesday, March 4th. Raymond James cut their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Scotiabank decreased their price objective on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a report on Monday, March 31st. Finally, Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Trading Down 0.3 %

Shares of NASDAQ CIGI traded down $0.32 during trading on Thursday, reaching $119.05. The stock had a trading volume of 31,500 shares, compared to its average volume of 114,714. 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 company has a market cap of $5.87 billion, a P/E ratio of 37.32 and a beta of 1.36. The business's 50-day moving average price is $119.58 and its 200-day moving average price is $134.86. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. On average, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS 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.