MQS Management LLC Decreases Stake in Colliers International Group Inc. $CIGI

MQS Management LLC lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,592 shares of the financial services provider’s stock after selling 751 shares during the period. MQS Management LLC’s holdings in Colliers International Group were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TCTC Holdings LLC raised its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Vista Finance LLC raised its holdings in shares of Colliers International Group by 4.1% during the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 120 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group during the first quarter worth $33,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Colliers International Group by 23.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CIGI. National Bankshares raised their target price on shares of Colliers International Group from $169.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. CIBC raised their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Citizens Jmp began coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a “market perform” rating for the company. Finally, Stifel Nicolaus raised their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.70.

Colliers International Group Stock Down 1.9%

CIGI stock opened at $166.05 on Friday. The firm has a market cap of $8.23 billion, a PE ratio of 75.48 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s fifty day moving average is $161.19 and its 200 day moving average is $140.88. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.52 by $0.20. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. On average, research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

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.