PDT Partners LLC Purchases Shares of 20,969 Colliers International Group Inc. $CIGI

PDT Partners LLC acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 20,969 shares of the financial services provider’s stock, valued at approximately $2,980,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of Colliers International Group during the second quarter worth approximately $37,549,000. Osterweis Capital Management Inc. bought a new stake in Colliers International Group in the 2nd quarter valued at $13,037,000. Legal & General Group Plc bought a new stake in Colliers International Group in the 2nd quarter valued at $34,516,000. The Manufacturers Life Insurance Company acquired a new position in Colliers International Group in the 2nd quarter valued at $292,656,000. Finally, Dearborn Partners LLC acquired a new position in Colliers International Group in the 2nd quarter valued at $461,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CIGI shares. Scotia dropped their target price on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Scotiabank dropped their price objective on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial boosted their price objective on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, BMO Capital Markets decreased their target price on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.62.

Colliers International Group Stock Down 1.0%

CIGI stock opened at $104.52 on Thursday. Colliers International Group Inc. has a 52 week low of $88.38 and a 52 week high of $171.51. The business has a 50-day simple moving average of $99.22 and a 200 day simple moving average of $104.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The company has a market cap of $5.34 billion, a PE ratio of 49.77 and a beta of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Colliers International Group Inc. will post 6.82 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.