Shares last traded at $58.60 which is quite a bit higher than the 50 day moving average of $51.90 and a great deal higher than the 200 day moving average of $52.45. The 50 day moving average was up $6.70 or +12.90% and the 200 day average went up by +11.73%. Trading was heavy with 40K shares changing hands by the end of trading on Tuesday. Volume was up 25.57% over the stocks average daily volume.
Short traders are feeling a little more bearish on shares of the company lately if you look at the rise in short interest. The stock realized a rise in short interest of 18.99% as of October 13, 2017 from the last reporting period. Short shares increased from 22,360 to 26,607 over that timeframe. Days to cover increased from 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. William Blair Investment Management, LLC expanded its ownership by buying 73,763 shares an increase of 5.9% from 03/31/2017 to 06/30/2017. William Blair Investment Management, LLC now controls 1,321,032 shares with a value of $74,572,000. The value of the position overall is up by 26.7%. Acadian Asset Management LLC divested its stake by selling 2,653 shares a decrease of 1.9%. Acadian Asset Management LLC controls 134,600 shares valued at $6,689,000. The total value of its holdings decreased 13.6%.
As of quarter end Nationwide Fund Advisors had sold a total of 22,209 shares trimming its holdings by 39.9%. The value of the investment in (CIGI) decreased from $3,142,000 to $1,663,000 a change of 47.1% quarter over quarter. As of the end of the quarter Kirr Marbach & Co LLC /in/ had acquired 2,923 shares growing its position 1.2%. The value of the company’s investment in Colliers International Group In went from $14,268,000 to $12,707,000 a change of $1,561,000 since the last quarter.
In the market the company is trading up from yesterday’s close of $58.60. Colliers International Group In also recently announced a dividend for shareholders paid on Wednesday the 12th of July 2017. The dividend was $0.025 per share for the quarter or $0.10 on an annualized basis. The dividend yield was $0.18. The ex-dividend date was set for Wednesday the 28th of June 2017.
The company currently has a P/E ratio of 35.41 and the market cap of the company is 2.28B. In the last earnings report the EPS was $1.65 and is expected to be $2.88 for the current year with 38,841,000 shares now outstanding. Next quarter’s EPS is estimated at $1.28 and the next full year EPS is projected to be $3.10.
Colliers International Group Inc., launched on July 31, 1988, is involved in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. The Business’s segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate. The Company is involved in the transaction brokerage business, which provides services in sales and leasing for commercial clients. The sales and lease brokerage division has over 3,700 brokers. This division executes transactions across a client base, including corporations, financial institutions, governments and individuals. The Company provides services for sales, leases and mortgages in various areas, such as landlord representation, tenant representation, and capital markets and investment services..