Aquatic Capital Management LLC boosted its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 461.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,817 shares of the company's stock after acquiring an additional 62,317 shares during the quarter. Aquatic Capital Management LLC's holdings in Cushman & Wakefield were worth $992,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. boosted its position in shares of Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after acquiring an additional 928 shares during the last quarter. Sterling Capital Management LLC lifted its position in Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares during the last quarter. Ieq Capital LLC purchased a new position in Cushman & Wakefield in the fourth quarter worth about $135,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CWK. JPMorgan Chase & Co. cut their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. UBS Group cut their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup lowered their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group dropped their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Finally, Morgan Stanley lowered their price objective on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.93.
Check Out Our Latest Report on CWK
Cushman & Wakefield Stock Down 1.0 %
Shares of Cushman & Wakefield stock traded down $0.11 on Tuesday, reaching $9.91. 429,330 shares of the company were exchanged, compared to its average volume of 2,129,697. The stock's 50 day moving average price is $9.79 and its 200-day moving average price is $12.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a 1-year low of $7.64 and a 1-year high of $16.11. The company has a market cap of $2.29 billion, a P/E ratio of 18.01 and a beta of 1.37.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Cushman & Wakefield's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.
About Cushman & Wakefield
(
Free Report)
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.
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