Epoch Investment Partners Inc. bought a new position in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 69,318 shares of the company's stock, valued at approximately $907,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter worth $61,732,000. Norges Bank purchased a new stake in shares of Cushman & Wakefield during the 4th quarter worth about $38,720,000. Raymond James Financial Inc. purchased a new stake in shares of Cushman & Wakefield during the 4th quarter worth about $25,964,000. Next Century Growth Investors LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at approximately $16,580,000. Finally, New York State Common Retirement Fund grew its stake in shares of Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after buying an additional 1,105,355 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Stock Performance
Shares of Cushman & Wakefield stock traded down $0.15 during trading on Friday, reaching $8.81. The company's stock had a trading volume of 1,343,849 shares, compared to its average volume of 2,107,634. The business's fifty day moving average price is $10.09 and its 200-day moving average price is $12.43. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 16.02 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.
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 the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. 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 research note on Monday, March 17th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on shares of 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 reduced their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and an average price target of $12.93.
Check Out Our Latest Stock Report on CWK
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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