Next Century Growth Investors LLC Purchases New Position in Cushman & Wakefield plc (NYSE:CWK)

Next Century Growth Investors LLC bought a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,267,607 shares of the company's stock, valued at approximately $16,580,000. Cushman & Wakefield accounts for about 1.2% of Next Century Growth Investors LLC's portfolio, making the stock its 28th biggest position. Next Century Growth Investors LLC owned about 0.55% of Cushman & Wakefield at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after purchasing an additional 806,684 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 9.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock worth $163,164,000 after buying an additional 1,094,260 shares during the period. State Street Corp boosted its holdings in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock valued at $115,359,000 after acquiring an additional 756,966 shares during the period. Geode Capital Management LLC grew its position in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after acquiring an additional 395,652 shares during the last quarter. Finally, Channing Capital Management LLC purchased a new stake in Cushman & Wakefield in the fourth quarter worth $61,732,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. UBS Group decreased their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and an average target price of $12.75.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded up $0.19 during mid-day trading on Thursday, reaching $8.34. 1,184,994 shares of the company traded hands, compared to its average volume of 2,084,021. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The firm's fifty day moving average is $10.74 and its two-hundred day moving average is $12.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.20 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. On average, equities research analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.