Tudor Investment Corp ET AL Takes Position in Colliers International Group Inc. $CIGI

Tudor Investment Corp ET AL purchased a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 46,232 shares of the financial services provider’s stock, valued at approximately $7,222,000.

Several other institutional investors have also made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group during the 3rd quarter valued at about $26,000. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group during the 2nd quarter valued at about $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Colliers International Group during the 2nd quarter valued at about $73,000. Finally, Blue Trust Inc. lifted its holdings in Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 74 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Down 0.6%

CIGI opened at $108.06 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average price of $116.16 and a 200 day moving average price of $137.84. The firm has a market cap of $5.52 billion, a P/E ratio of 53.76 and a beta of 1.45. Colliers International Group Inc. has a twelve month low of $95.66 and a twelve month high of $171.51.

Wall Street Analysts Forecast Growth

CIGI has been the subject of several analyst reports. Raymond James Financial reduced their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a report on Friday, March 13th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, National Bank Financial reduced their target price on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $170.71.

Colliers International Group Profile

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.