Colliers International Group Inc. (NASDAQ:CIGI) is Kirr Marbach & Co. LLC IN’s 5th Largest Position

Kirr Marbach & Co. LLC IN lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,293 shares of the financial services provider’s stock after selling 1,366 shares during the period. Colliers International Group makes up approximately 4.8% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 5th biggest holding. Kirr Marbach & Co. LLC IN owned approximately 0.29% of Colliers International Group worth $21,602,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the period. Blue Trust Inc. increased its stake in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 304 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 316 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Colliers International Group in the 1st quarter valued at about $118,000. Finally, Tobam grew its holdings in shares of Colliers International Group by 185.5% during the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 846 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of Colliers International Group in a report on Monday, September 9th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Scotiabank upped their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price target on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, National Bankshares boosted their price objective on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Colliers International Group Price Performance

CIGI opened at $151.22 on Friday. Colliers International Group Inc. has a twelve month low of $83.38 and a twelve month high of $154.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 73.77 and a beta of 1.49. The company has a fifty day simple moving average of $145.17 and a 200 day simple moving average of $126.30.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Equities research analysts expect that Colliers International Group Inc. will post 5.66 EPS for the current fiscal year.

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.