Healthcare of Ontario Pension Plan Trust Fund Cuts Position in Colliers International Group Inc. (NASDAQ:CIGI)

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGIGet Rating) (TSE:CIGI) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,307 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Colliers International Group were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Jarislowsky Fraser Ltd raised its stake in Colliers International Group by 594.4% during the first quarter. Jarislowsky Fraser Ltd now owns 1,879,937 shares of the financial services provider’s stock worth $245,239,000 after purchasing an additional 1,609,201 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Colliers International Group during the second quarter valued at $23,807,000. Royce & Associates LP grew its holdings in Colliers International Group by 84.4% during the second quarter. Royce & Associates LP now owns 198,712 shares of the financial services provider’s stock worth $21,801,000 after acquiring an additional 90,940 shares during the period. Acadian Asset Management LLC boosted its position in Colliers International Group by 930.1% during the 1st quarter. Acadian Asset Management LLC now owns 93,708 shares of the financial services provider’s stock worth $12,207,000 after acquiring an additional 84,611 shares during the period. Finally, Victory Capital Management Inc. increased its position in Colliers International Group by 12.9% in the 2nd quarter. Victory Capital Management Inc. now owns 569,055 shares of the financial services provider’s stock worth $62,431,000 after buying an additional 64,970 shares during the period. 62.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CIGI. Scotiabank restated a “sector perform” rating and issued a $120.00 price target on shares of Colliers International Group in a report on Tuesday, September 27th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. The Goldman Sachs Group reduced their target price on Colliers International Group from $142.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 19th. National Bankshares decreased their price target on shares of Colliers International Group from $166.00 to $122.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Finally, TD Securities dropped their target price on shares of Colliers International Group from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.86.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $94.20 on Friday. Colliers International Group Inc. has a twelve month low of $84.16 and a twelve month high of $158.42. The company has a market cap of $3.92 billion, a P/E ratio of 65.42 and a beta of 1.48. The company’s 50-day moving average price is $95.20 and its 200-day moving average price is $108.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.86.

Colliers International Group Profile

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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 sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.

See Also

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

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