Tudor Investment Corp ET AL Takes $7.22 Million Position in Colliers International Group Inc. $CIGI

Tudor Investment Corp ET AL bought a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 46,232 shares of the financial services provider’s stock, valued at approximately $7,222,000. Tudor Investment Corp ET AL owned approximately 0.09% of Colliers International Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group during the third quarter valued at about $26,000. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group in the 2nd quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. increased its position in shares of Colliers International Group by 17.1% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares during the last quarter. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Colliers International Group during the 2nd quarter valued at about $73,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Up 2.0%

Shares of NASDAQ CIGI opened at $102.31 on Tuesday. The firm’s fifty day moving average is $124.60 and its 200 day moving average is $142.61. Colliers International Group Inc. has a 52 week low of $98.97 and a 52 week high of $171.51. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 50.90 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CIGI shares. Scotiabank cut their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Zacks Research lowered shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, National Bank Financial reduced their target price on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $173.57.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.