Quantbot Technologies LP Has $693,000 Position in Colliers International Group Inc. (NASDAQ:CIGI)

Quantbot Technologies LP lessened its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 34.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,568 shares of the financial services provider’s stock after selling 2,419 shares during the period. Quantbot Technologies LP’s holdings in Colliers International Group were worth $693,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Addenda Capital Inc. lifted its holdings in Colliers International Group by 20.6% in the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after buying an additional 26,263 shares during the period. Blue Trust Inc. boosted its position in shares of Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Colliers International Group by 2.9% during the second quarter. Cidel Asset Management Inc. now owns 127,907 shares of the financial services provider’s stock worth $14,280,000 after purchasing an additional 3,563 shares during the period. Argent Capital Management LLC increased its holdings in Colliers International Group by 10.7% in the second quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock worth $3,306,000 after purchasing an additional 2,858 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in Colliers International Group by 1.6% in the second quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock valued at $9,720,000 after buying an additional 1,400 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 1.3 %

Shares of CIGI opened at $151.62 on Tuesday. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 48.29 and a beta of 1.50. The firm has a 50 day moving average price of $149.93 and a 200-day moving average price of $134.88. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CIGI shares. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Royal Bank of Canada increased their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Scotiabank increased their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $160.42.

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.