Campbell & CO Investment Adviser LLC Sells 6,631 Shares of Colliers International Group Inc (NASDAQ:CIGI)

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Campbell & CO Investment Adviser LLC trimmed its stake in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 65.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,488 shares of the financial services provider’s stock after selling 6,631 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Colliers International Group were worth $262,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CIGI. Toronto Dominion Bank grew its holdings in shares of Colliers International Group by 28.5% during the second quarter. Toronto Dominion Bank now owns 25,742 shares of the financial services provider’s stock worth $1,865,000 after purchasing an additional 5,702 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Colliers International Group during the second quarter worth $39,000. K.J. Harrison & Partners Inc grew its holdings in shares of Colliers International Group by 99.3% during the second quarter. K.J. Harrison & Partners Inc now owns 40,250 shares of the financial services provider’s stock worth $2,878,000 after purchasing an additional 20,050 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Colliers International Group by 7.0% during the second quarter. Invesco Ltd. now owns 438,096 shares of the financial services provider’s stock worth $31,376,000 after purchasing an additional 28,569 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Colliers International Group by 69.9% during the second quarter. Mackenzie Financial Corp now owns 200,658 shares of the financial services provider’s stock worth $14,371,000 after purchasing an additional 82,578 shares during the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.

Several brokerages have recently commented on CIGI. Zacks Investment Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub cut Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets set a $81.00 target price on Colliers International Group and gave the stock a “buy” rating in a report on Wednesday, July 31st. Raymond James set a $85.00 target price on Colliers International Group and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Scotiabank upgraded Colliers International Group from a “sector perform” rating to an “outperform” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $78.33.

Shares of CIGI stock opened at $73.42 on Monday. The stock’s fifty day moving average is $70.93 and its 200-day moving average is $68.86. The stock has a market capitalization of $2.82 billion, a PE ratio of 31.00 and a beta of 1.59. Colliers International Group Inc has a 52 week low of $52.01 and a 52 week high of $77.79. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.88 and a current ratio of 0.88.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). The firm had revenue of $745.50 million during the quarter, compared to the consensus estimate of $750.85 million. Colliers International Group had a net margin of 3.15% and a return on equity of 23.99%. Colliers International Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, analysts forecast that Colliers International Group Inc will post 2.88 earnings per share for the current fiscal year.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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