Colliers International Group Inc. (NASDAQ:CIGI) Stake Boosted by Entropy Technologies LP

Entropy Technologies LP grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 80.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the financial services provider’s stock after purchasing an additional 2,100 shares during the quarter. Entropy Technologies LP’s holdings in Colliers International Group were worth $570,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CIGI. LPL Financial LLC grew its holdings in shares of Colliers International Group by 53.3% during the fourth quarter. LPL Financial LLC now owns 2,723 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 947 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Colliers International Group by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 180 shares during the period. Geode Capital Management LLC boosted its position in shares of Colliers International Group by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 68,997 shares of the financial services provider’s stock worth $9,410,000 after buying an additional 854 shares during the period. Wells Fargo & Company MN boosted its position in shares of Colliers International Group by 5.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,855 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 398 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Colliers International Group by 10.5% during the fourth quarter. Russell Investments Group Ltd. now owns 14,993 shares of the financial services provider’s stock worth $2,038,000 after buying an additional 1,419 shares during the period. 80.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CIGI shares. Citizens Jmp started coverage on Colliers International Group in a research report on Monday, July 21st. They set a “market perform” rating for the company. Stifel Nicolaus boosted their price objective on Colliers International Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Raymond James Financial boosted their price objective on Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Scotiabank boosted their price objective on Colliers International Group from $155.00 to $170.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 1st. Finally, CIBC upped their target price on Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and a consensus price target of $168.40.

Colliers International Group Stock Performance

CIGI opened at $157.89 on Wednesday. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 71.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $158.79. The business has a 50 day moving average price of $137.06 and a two-hundred day moving average price of $128.45.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (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 analysts’ expectations of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal 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.