Shares of the company are trading at $58.10 a tad higher than the 50 day moving average of $53.35 and just above the 200 day moving average of $46.16. The 50 day moving average was up by +8.91% and the 200 day average went up $11.94 or +25.87%. Trading volume for Colliers International Group In was 36K in the last trading session. Overall, volume was up 16.15% over the stocks normal daily volume.
Traders are feeling more bullish on shares of Colliers International Group In lately considering the fall in short interest. The company realized a fall in short interest of -30.10% as of the latest report on May 31, 2017. Short shares fell 17,706 over that timeframe. Days to cover decreased -0.4 to 1.5 and the short interest percentage is 0.00% as of May 31.
Here are a few additional firms who have increased or decreased their stake in (CIGI). Mawer Investment Management Ltd. downsized its position by selling 202,343 shares a decrease of 24.4% as of 03/31/2017. Mawer Investment Management Ltd. currently owns 626,856 shares with a value of $29,612,000. The total value of its holdings decreased 3.0%. As of quarter end Mackenzie Financial Corp had sold a total of 58,600 shares trimming its position 34.4%. The value of the investment in Colliers International Group In went from $6,269,000 to $5,275,000 a change of 15.9% for the reporting period.
As of the end of the quarter Morgan Stanley had acquired 2,115 shares growing its holdings by 69.0%. The value of the investment in (CIGI) increased from $113,000 to $244,000 a change of $131,000 quarter over quarter. As of quarter end Tower Research Capital LLC (trc) had acquired a total of 2,439 shares growing its stake by 290.7%. The value in dollars increased from $31,000 to $155,000 increasing 400.0% since the last quarter.
RBC Capital added the stock to its research portfolio by announcing an initial rating of “Outperform”. RBC Capital lowered the price target and downgraded the stock on February 1 cutting the price target from $54.00 to $47.00 and altering the rating from “Outperform” to “Sector Perform”.
On February 1 the company was downgraded from “Outperform” to “Sector Perform” with a current price target of $47.00 in an announcement from RBC Capital. On June 3, 2015 CIBC initiated coverage with an initial rating of “Sector Perform” and setting a price target of $42.50.
The company is now up by 2.56% since yesterday’s close of $56.65. The company also announced a dividend for shareholders paid on Wednesday the 12th of July 2017. The dividend payment was $0.025 per share for the quarter or $0.10 annualized. This dividend amount represented a yeild of $0.28. The ex-dividend date was set for Wednesday the 28th of June 2017.
The P/E ratio is currently 29.96 and market capitalization is 2.26B. In the last earnings report the EPS was $1.94 and is expected to be $2.82 for the current year with 38,821,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.55 with next year’s EPS anticipated to be $3.07.
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..