Norwood Investment Partners LP Acquires Shares of 14,000 Colliers International Group Inc. $CIGI

Norwood Investment Partners LP bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 14,000 shares of the financial services provider’s stock, valued at approximately $1,989,540,000. Colliers International Group makes up 2.7% of Norwood Investment Partners LP’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group during the third quarter valued at $26,000. Arax Advisory Partners grew its position in shares of Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after buying an additional 126 shares during the period. Kestra Advisory Services LLC acquired a new position in Colliers International Group in the fourth quarter valued at approximately $32,000. Trust Co. of Vermont bought a new position in shares of Colliers International Group in the 2nd quarter worth $36,000. Finally, JPMorgan Chase & Co. bought a new position in Colliers International Group during the second quarter worth about $39,000. Institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Scotia reduced their price target on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 31st. Scotiabank decreased their price target on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Raymond James Financial lowered their price objective on shares of Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada dropped their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus target price of $157.56.

Colliers International Group Trading Up 0.3%

CIGI opened at $107.06 on Friday. The stock has a market capitalization of $5.47 billion, a P/E ratio of 50.98 and a beta of 1.24. Colliers International Group Inc. has a 12 month low of $88.38 and a 12 month high of $171.51. The firm’s fifty day simple moving average is $98.54 and its 200 day simple moving average is $105.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results 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 return on equity of 20.17% and a net margin of 1.81%.The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The company’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts anticipate that Colliers International Group Inc. will post 6.82 EPS for the current fiscal year.

About Colliers International Group

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.