Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Up 29.5% in February

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 356,200 shares, an increase of 29.5% from the January 31st total of 275,100 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is presently 3.2 days.

Institutional Trading of Colliers International Group

Large investors have recently bought and sold shares of the stock. FIL Ltd boosted its holdings in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group in the 4th quarter valued at $74,615,000. Janus Henderson Group PLC purchased a new stake in shares of Colliers International Group in the 3rd quarter valued at $69,920,000. Franklin Resources Inc. boosted its holdings in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after acquiring an additional 176,232 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Down 0.2 %

Shares of NASDAQ CIGI traded down $0.20 during trading hours on Tuesday, hitting $125.52. 97,119 shares of the stock were exchanged, compared to its average volume of 126,103. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.35 billion, a PE ratio of 39.35 and a beta of 1.49. The firm has a fifty day moving average price of $135.01 and a 200-day moving average price of $142.98. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, sell-side analysts expect that Colliers International Group will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of recent analyst reports. Raymond James dropped their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective for the company. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

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.