Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIG) major shareholder Spruce House Partnership Lp acquired 65,100 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was acquired at an average cost of $38.28 per share, for a total transaction of $2,492,028.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 Thursday, February 9th, Spruce House Partnership Lp acquired 52,723 shares of Colliers International Group stock. The stock was acquired at an average cost of $38.28 per share, for a total transaction of $2,018,236.44.

Colliers International Group Inc. (NASDAQ:CIGI) traded up 7.02% on Thursday, reaching $45.00. The firm has a 50-day moving average of $37.41 and a 200-day moving average of $39.16. The company has a market cap of $1.74 billion, a P/E ratio of 29.66 and a beta of 1.48. Colliers International Group Inc. has a one year low of $32.14 and a one year high of $45.40.

Colliers International Group (NASDAQ:CIGI) last released its quarterly earnings data on Wednesday, February 15th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.16. Colliers International Group had a return on equity of 52.27% and a net margin of 3.17%. The business earned $576 million during the quarter, compared to analysts’ expectations of $606.84 million. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts predict that Colliers International Group Inc. will post $2.28 earnings per share for the current year.

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Several research analysts have weighed in on CIGI shares. Zacks Investment Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 2nd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $44.00 price objective on shares of Colliers International Group in a research report on Tuesday, January 31st. Finally, CIBC raised Colliers International Group from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $51.00.

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Colliers International Group by 139.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock valued at $147,000 after buying an additional 1,552 shares during the period. Legal & General Group Plc boosted its position in Colliers International Group by 57.4% in the second quarter. Legal & General Group Plc now owns 4,389 shares of the company’s stock worth $149,000 after buying an additional 1,600 shares during the last quarter. Schroder Investment Management Group boosted its position in Colliers International Group by 8.7% in the third quarter. Schroder Investment Management Group now owns 5,874 shares of the company’s stock worth $323,000 after buying an additional 468 shares during the last quarter. Scotia Capital Inc. purchased a new position in Colliers International Group during the fourth quarter worth approximately $373,000. Finally, Icon Advisers Inc. Co. purchased a new position in Colliers International Group during the third quarter worth approximately $627,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

About Colliers International Group

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.

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