Centiva Capital LP Invests $325,000 in Cushman & Wakefield plc (NYSE:CWK)

Centiva Capital LP bought a new position in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,817 shares of the company's stock, valued at approximately $325,000.

Other institutional investors have also recently modified their holdings of the company. Vestcor Inc grew its stake in shares of Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock worth $923,000 after acquiring an additional 53,602 shares during the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter valued at $1,003,000. JPMorgan Chase & Co. boosted its position in shares of Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after buying an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter valued at $318,000. Finally, Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter valued at $61,732,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Down 0.1%

CWK opened at $10.23 on Monday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 18.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm's fifty day moving average is $9.66 and its 200 day moving average is $12.21. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped 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 dropped their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and an average target price of $12.93.

About Cushman & Wakefield

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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