Colliers International Group Inc. (NASDAQ:CIGI) major shareholder Spruce House Partnership Lp bought 120,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $41.62 per share, with a total value of $4,994,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Spruce House Partnership Lp also recently made the following trade(s):

  • On Friday, July 8th, Spruce House Partnership Lp bought 266,288 shares of Colliers International Group stock. The shares were acquired at an average price of $34.60 per share, with a total value of $9,213,564.80.

Colliers International Group Inc. (NASDAQ:CIGI) opened at 42.57 on Friday. The company has a 50-day moving average of $42.68 and a 200-day moving average of $38.88. Colliers International Group Inc. has a one year low of $30.76 and a one year high of $50.72. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.49 and a beta of 1.48.

Colliers International Group (NASDAQ:CIGI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $434.82 million. Colliers International Group had a net margin of 3.14% and a return on equity of 31.57%. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Colliers International Group Inc. will post $2.52 EPS for the current fiscal year.

Several equities analysts have recently issued reports on CIGI shares. Royal Bank Of Canada started coverage on shares of Colliers International Group in a report on Wednesday, June 15th. They set an “outperform” rating and a $52.00 target price for the company. Zacks Investment Research lowered shares of Colliers International Group from a “hold” rating to a “sell” rating in a report on Friday, July 1st.

A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Colliers International Group by 65.1% in the first quarter. Legal & General Group Plc now owns 2,789 shares of the company’s stock valued at $106,000 after buying an additional 1,100 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Colliers International Group by 141.9% in the second quarter. Acrospire Investment Management LLC now owns 3,594 shares of the company’s stock worth $123,000 after buying an additional 2,108 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Colliers International Group during the second quarter worth approximately $214,000. Parametric Portfolio Associates LLC bought a new position in shares of Colliers International Group during the second quarter worth approximately $214,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Colliers International Group during the second quarter worth approximately $262,000. Institutional investors own 61.90% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company’s primary services are outsourcing and advisory services, lease brokerage and sales brokerage. The Company’s segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

5 Day Chart for NASDAQ:CIGI

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