Colliers International Group Inc. $CIGI is Kirr Marbach & Co. LLC IN’s 7th Largest Position

Kirr Marbach & Co. LLC IN trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,348 shares of the financial services provider’s stock after selling 5,362 shares during the period. Colliers International Group makes up approximately 3.8% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 7th biggest holding. Kirr Marbach & Co. LLC IN’s holdings in Colliers International Group were worth $20,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CIGI. Intact Investment Management Inc. grew its position in Colliers International Group by 19.3% in the third quarter. Intact Investment Management Inc. now owns 75,180 shares of the financial services provider’s stock worth $11,759,000 after acquiring an additional 12,140 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Colliers International Group during the third quarter valued at about $19,158,000. Cidel Asset Management Inc. raised its position in Colliers International Group by 3.7% during the third quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock valued at $20,982,000 after purchasing an additional 4,847 shares in the last quarter. Citigroup Inc. lifted its stake in Colliers International Group by 1,164.9% during the third quarter. Citigroup Inc. now owns 54,745 shares of the financial services provider’s stock worth $8,564,000 after purchasing an additional 50,417 shares during the last quarter. Finally, Brummer Multi Strategy AB bought a new stake in Colliers International Group during the third quarter worth about $691,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada reduced their price objective on Colliers International Group from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research note on Friday, March 13th. Raymond James Financial reduced their price target on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Scotiabank decreased their price target on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average target price of $166.00.

Colliers International Group Stock Up 1.2%

Shares of NASDAQ CIGI opened at $115.08 on Friday. The firm’s fifty day moving average is $113.01 and its 200 day moving average is $135.87. Colliers International Group Inc. has a 52 week low of $95.66 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 $5.88 billion, a price-to-earnings ratio of 57.25 and a beta of 1.45.

Colliers International Group Company Profile

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.