Hillsdale Investment Management Inc. raised its holdings in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,123 shares of the financial services provider’s stock after purchasing an additional 12,200 shares during the period. Colliers International Group comprises 2.2% of Hillsdale Investment Management Inc.’s holdings, making the stock its 7th largest position. Hillsdale Investment Management Inc.’s holdings in Colliers International Group were worth $16,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. EAM Global Investors LLC raised its stake in shares of Colliers International Group by 112.6% during the 3rd quarter. EAM Global Investors LLC now owns 33,929 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 17,971 shares in the last quarter. AXA purchased a new position in shares of Colliers International Group during the 3rd quarter worth approximately $1,419,000. Alliancebernstein L.P. purchased a new position in shares of Colliers International Group during the 3rd quarter worth approximately $3,104,000. Campbell & CO Investment Adviser LLC raised its stake in shares of Colliers International Group by 110.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,044 shares of the financial services provider’s stock worth $546,000 after buying an additional 3,700 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Colliers International Group by 2.4% during the 3rd quarter. Swiss National Bank now owns 64,200 shares of the financial services provider’s stock worth $4,954,000 after buying an additional 1,500 shares in the last quarter. 69.07% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lowered their price target on Colliers International Group from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. BidaskClub cut Colliers International Group from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. ValuEngine cut Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a report on Monday, November 5th. Finally, Raymond James set a $85.00 price target on Colliers International Group and gave the stock a “buy” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Colliers International Group has a consensus rating of “Buy” and an average price target of $83.33.

Shares of NASDAQ:CIGI opened at $62.35 on Monday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 20.65 and a beta of 1.49. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc has a one year low of $46.60 and a one year high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, October 30th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.60. The firm had revenue of $715.70 million for the quarter, compared to analysts’ expectations of $698.53 million. Colliers International Group had a return on equity of 31.08% and a net margin of 2.96%. Colliers International Group’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, equities research analysts forecast that Colliers International Group Inc will post 2.5 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Hillsdale Investment Management Inc. Has $16.51 Million Holdings in Colliers International Group Inc (CIGI)” was published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/11/19/hillsdale-investment-management-inc-has-16-51-million-holdings-in-colliers-international-group-inc-cigi.html.

Colliers International Group Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

See Also: Hedge Funds – How They Work For Investors

Want to see what other hedge funds are holding CIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI).

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

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.