Oldfield Partners LLP Lowers Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Oldfield Partners LLP reduced its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 23.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,000 shares of the financial services provider’s stock after selling 600 shares during the quarter. Colliers International Group makes up approximately 0.0% of Oldfield Partners LLP’s investment portfolio, making the stock its 22nd largest position. Oldfield Partners LLP’s holdings in Colliers International Group were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Whittier Trust Co. raised its position in shares of Colliers International Group by 5.4% during the 1st quarter. Whittier Trust Co. now owns 2,257 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 115 shares during the last quarter. Credit Suisse AG grew its stake in shares of Colliers International Group by 0.4% in the first quarter. Credit Suisse AG now owns 31,118 shares of the financial services provider’s stock valued at $3,285,000 after buying an additional 132 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Colliers International Group by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,687 shares of the financial services provider’s stock valued at $431,000 after buying an additional 140 shares in the last quarter. UBS Group AG grew its stake in shares of Colliers International Group by 2.9% in the second quarter. UBS Group AG now owns 5,801 shares of the financial services provider’s stock valued at $637,000 after buying an additional 161 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Colliers International Group by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 190 shares in the last quarter. 63.93% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 0.8 %

Shares of Colliers International Group stock traded down $0.92 during trading hours on Tuesday, reaching $110.07. 35,257 shares of the company’s stock were exchanged, compared to its average volume of 97,204. Colliers International Group Inc. has a 52-week low of $84.16 and a 52-week high of $129.95. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 739.93 and a beta of 1.45. The company has a fifty day moving average of $109.44 and a 200-day moving average of $103.08. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.31.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Colliers International Group had a return on equity of 47.47% and a net margin of 0.17%. Sell-side analysts forecast that Colliers International Group Inc. will post 6.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Colliers International Group from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. StockNews.com began coverage on Colliers International Group in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, National Bank Financial lowered their price target on Colliers International Group from $133.00 to $131.00 in a report on Monday, July 10th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $133.14.

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. It offers transaction brokerage services, including sales, leasing, and debt finance services, as well as landlord and tenant representation services; capital markets and investment services; and mortgage investment banking services.