Renaissance Group LLC cut its stake in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 23.8% during the 4th quarter, HoldingsChannel reports. The fund owned 10,730 shares of the financial services provider’s stock after selling 3,360 shares during the period. Renaissance Group LLC’s holdings in Colliers International Group were worth $648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Parametric Portfolio Associates LLC boosted its stake in Colliers International Group by 4.5% during the second quarter. Parametric Portfolio Associates LLC now owns 10,518 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 456 shares in the last quarter. OxFORD Asset Management LLP boosted its stake in Colliers International Group by 12.8% during the third quarter. OxFORD Asset Management LLP now owns 15,877 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 1,802 shares in the last quarter. Legal & General Group Plc boosted its stake in Colliers International Group by 43.6% during the third quarter. Legal & General Group Plc now owns 6,587 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 2,000 shares in the last quarter. Scotia Capital Inc. boosted its stake in Colliers International Group by 46.4% during the second quarter. Scotia Capital Inc. now owns 7,073 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Colliers International Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 75,680 shares of the financial services provider’s stock worth $4,272,000 after acquiring an additional 2,429 shares in the last quarter. 67.96% of the stock is currently owned by institutional investors and hedge funds.

CIGI has been the topic of several research reports. ValuEngine downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $62.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. BidaskClub downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Colliers International Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Scotiabank upped their price objective on shares of Colliers International Group from $75.50 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.40.

Colliers International Group Inc (CIGI) opened at $58.20 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.99 and a current ratio of 0.99. Colliers International Group Inc has a 1-year low of $38.75 and a 1-year high of $64.60. The firm has a market cap of $2,245.15, a price-to-earnings ratio of 24.37 and a beta of 1.75.

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Colliers International Group Profile

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

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

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