Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,885 shares of the financial services provider’s stock after acquiring an additional 660 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Colliers International Group were worth $745,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG boosted its position in shares of Colliers International Group by 2.9% in the 2nd quarter. UBS Group AG now owns 5,801 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 161 shares during the period. Bank of Nova Scotia boosted its position in shares of Colliers International Group by 7.2% in the 3rd quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 187 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Colliers International Group by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 190 shares during the period. Blair William & Co. IL boosted its position in shares of Colliers International Group by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 26,437 shares of the financial services provider’s stock valued at $2,518,000 after purchasing an additional 241 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Colliers International Group by 6.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,547 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 271 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of research analyst reports. Scotiabank decreased their target price on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus upped their target price on Colliers International Group from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. National Bankshares downgraded Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, January 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Colliers International Group in a research note on Thursday, February 29th. Finally, BMO Capital Markets upped their price objective on Colliers International Group from $129.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.50.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $106.22 on Monday. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 80.47 and a beta of 1.46. The stock has a 50 day simple moving average of $119.08 and a 200-day simple moving average of $111.66. Colliers International Group Inc. has a 12-month low of $83.38 and a 12-month high of $131.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Colliers International Group had a return on equity of 32.94% and a net margin of 1.51%. On average, equities analysts forecast that Colliers International Group Inc. will post 5.62 EPS for the current 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.