Pembroke Management LTD Has $32.54 Million Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Pembroke Management LTD cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI – Get Rating) (TSE:CIGI) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,652 shares of the financial services provider’s stock after selling 3,687 shares during the period. Colliers International Group makes up approximately 3.5% of Pembroke Management LTD’s portfolio, making the stock its 5th biggest position. Pembroke Management LTD owned approximately 0.63% of Colliers International Group worth $32,544,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CIGI. Wipfli Financial Advisors LLC acquired a new stake in shares of Colliers International Group in the 3rd quarter valued at about $30,000. Power Corp of Canada acquired a new stake in shares of Colliers International Group in the 1st quarter valued at about $72,000. Citigroup Inc. acquired a new stake in shares of Colliers International Group in the 1st quarter valued at about $75,000. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Colliers International Group in the 2nd quarter valued at about $78,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the 1st quarter valued at about $123,000. 65.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CIGI. StockNews.com began coverage on Colliers International Group in a research note on Thursday. They issued a “hold” rating for the company. Scotiabank upgraded Colliers International Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 16th. The Goldman Sachs Group lifted their price target on Colliers International Group from $124.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 10th. TD Securities lifted their price target on Colliers International Group from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Finally, Raymond James cut their price target on Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.80.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI traded down $4.22 during midday trading on Friday, reaching $103.33. The company’s stock had a trading volume of 99,251 shares, compared to its average volume of 105,976. Colliers International Group Inc. has a 12-month low of $84.16 and a 12-month high of $134.26. The firm has a 50 day moving average price of $109.11 and a 200-day moving average price of $100.96. The stock has a market capitalization of $4.32 billion, a P/E ratio of 100.32 and a beta of 1.48. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.90 and a quick ratio of 0.90.

Colliers International Group Company Profile

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Colliers International Group, Inc engages in the provision of commercial real estate services to corporate and institutional clients. It offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following segments: Americas, EMEA, Asia Pacific, Investment Management, and Corporate.