Readystate Asset Management LP Buys Shares of 205,013 Cushman & Wakefield PLC (NYSE:CWK)

Readystate Asset Management LP purchased a new position in Cushman & Wakefield PLC (NYSE:CWK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 205,013 shares of the company's stock, valued at approximately $2,095,000. Readystate Asset Management LP owned approximately 0.09% of Cushman & Wakefield at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after acquiring an additional 6,431 shares during the last quarter. RiverPark Advisors LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter worth $150,000. AXQ Capital LP bought a new position in shares of Cushman & Wakefield during the fourth quarter worth $169,000. Jane Street Group LLC increased its position in Cushman & Wakefield by 101.8% in the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after purchasing an additional 837,554 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Cushman & Wakefield in the fourth quarter worth $197,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target on the stock. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. UBS Group boosted their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. reduced their price target 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cushman & Wakefield currently has an average rating of "Hold" and an average target price of $13.50.

Cushman & Wakefield Trading Up 1.8%

CWK traded up $0.21 during trading on Friday, reaching $11.88. The company had a trading volume of 1,552,734 shares, compared to its average volume of 2,032,839. The stock has a market cap of $2.75 billion, a P/E ratio of 17.21 and a beta of 1.43. The business has a 50 day simple moving average of $10.81 and a 200-day simple moving average of $10.96. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The business's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield 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.