Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Up 29.5% in February

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 356,200 shares, an increase of 29.5% from the January 31st total of 275,100 shares. Based on an average daily volume of 111,900 shares, the days-to-cover ratio is presently 3.2 days.

Analysts Set New Price Targets

Several research firms recently weighed in on CIGI. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Scotiabank lowered their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. CIBC began coverage on Colliers International Group in a research note on Tuesday. They issued a “sector outperform” rating and a $160.00 price objective for the company. Finally, National Bankshares lowered their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Colliers International Group Trading Up 2.1 %

Colliers International Group stock traded up $2.66 during midday trading on Wednesday, hitting $128.18. 57,334 shares of the stock were exchanged, compared to its average volume of 124,395. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 40.18 and a beta of 1.49. The stock’s 50-day simple moving average is $134.78 and its 200 day simple moving average is $142.89. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Colliers International Group

Several large investors have recently modified their holdings of CIGI. Tower Research Capital LLC TRC raised its holdings in Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after buying an additional 298 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group during the third quarter valued at about $112,000. Tobam raised its stake in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group in the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Company 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.