Fenimore Asset Management Inc. Has $11.46 Million Stock Position in Colliers International Group Inc (NASDAQ:CIGI)

Fenimore Asset Management Inc. grew its stake in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 6.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 159,960 shares of the financial services provider’s stock after buying an additional 10,000 shares during the quarter. Fenimore Asset Management Inc. owned 0.42% of Colliers International Group worth $11,456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CIGI. Marshall Wace North America L.P. lifted its position in shares of Colliers International Group by 321.4% in the first quarter. Marshall Wace North America L.P. now owns 5,900 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 4,500 shares in the last quarter. Marshall Wace LLP lifted its position in Colliers International Group by 59.0% during the first quarter. Marshall Wace LLP now owns 9,103 shares of the financial services provider’s stock worth $608,000 after buying an additional 3,379 shares during the period. The Manufacturers Life Insurance Company lifted its position in Colliers International Group by 3.7% during the first quarter. The Manufacturers Life Insurance Company now owns 814,629 shares of the financial services provider’s stock worth $54,385,000 after buying an additional 29,042 shares during the period. State of Tennessee Treasury Department lifted its position in Colliers International Group by 75.0% during the first quarter. State of Tennessee Treasury Department now owns 64,783 shares of the financial services provider’s stock worth $4,328,000 after buying an additional 27,774 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Colliers International Group by 0.5% during the first quarter. William Blair Investment Management LLC now owns 1,041,494 shares of the financial services provider’s stock worth $69,530,000 after buying an additional 5,633 shares during the period. Institutional investors and hedge funds own 69.86% of the company’s stock.

CIGI stock opened at $67.09 on Friday. Colliers International Group Inc has a 1 year low of $52.01 and a 1 year high of $84.20. The stock has a 50-day simple moving average of $72.53 and a 200-day simple moving average of $67.71. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $2.66 billion, a P/E ratio of 27.38 and a beta of 1.54.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, July 30th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Colliers International Group had a return on equity of 23.99% and a net margin of 3.15%. The firm had revenue of $745.50 million for the quarter, compared to the consensus estimate of $750.85 million. During the same period in the prior year, the business earned $0.95 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Colliers International Group Inc will post 2.88 EPS for the current year.

Several equities research analysts have commented on CIGI shares. BMO Capital Markets set a $81.00 price target on Colliers International Group and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Raymond James set a $85.00 price target on Colliers International Group and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. ValuEngine upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub upgraded Colliers International Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 17th. Finally, Zacks Investment Research lowered Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $78.33.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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