Greenland Capital Management LP Makes New Investment in Colliers International Group Inc. $CIGI

Greenland Capital Management LP bought a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,112 shares of the financial services provider’s stock, valued at approximately $2,886,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CIGI. Lincluden Management Ltd. raised its position in Colliers International Group by 7.2% in the first quarter. Lincluden Management Ltd. now owns 51,611 shares of the financial services provider’s stock worth $6,246,000 after acquiring an additional 3,479 shares during the period. TD Asset Management Inc raised its stake in shares of Colliers International Group by 9.5% in the first quarter. TD Asset Management Inc now owns 223,864 shares of the financial services provider’s stock valued at $27,094,000 after buying an additional 19,346 shares during the period. Fiera Capital Corp lifted its position in shares of Colliers International Group by 1.2% during the 1st quarter. Fiera Capital Corp now owns 129,267 shares of the financial services provider’s stock valued at $15,659,000 after buying an additional 1,557 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Colliers International Group by 114.9% during the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 116 shares during the period. Finally, Scotia Capital Inc. increased its holdings in Colliers International Group by 4.6% in the 1st quarter. Scotia Capital Inc. now owns 10,663 shares of the financial services provider’s stock worth $1,293,000 after acquiring an additional 468 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CIGI. JPMorgan Chase & Co. boosted their price objective on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Stifel Nicolaus boosted their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. CIBC raised their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Scotiabank lifted their price objective on Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.70.

Colliers International Group Price Performance

CIGI opened at $136.86 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $171.51. The stock’s 50 day simple moving average is $157.25 and its 200 day simple moving average is $145.82. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 62.21 and a beta of 1.47.

Colliers International Group Profile

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.