American Century Companies Inc. Has $4.44 Million Stock Holdings in Cushman & Wakefield PLC $CWK

Key Points

• American Century Companies Inc. increased its stake in Cushman & Wakefield PLC by 22.3% in the first quarter, holding nearly 0.19% of the company worth approximately $4.4 million.
• Other institutional investors also showed significant interest, with Deutsche Bank raising its position by 807.1% and UBS AM increasing its stake by 54.7%.
• Cushman & Wakefield reported $0.30 EPS for the quarter, surpassing analyst expectations, while its revenue was up 7.2% year-over-year despite falling short of consensus estimates.

American Century Companies Inc. raised its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,239 shares of the company's stock after acquiring an additional 79,055 shares during the period. American Century Companies Inc. owned approximately 0.19% of Cushman & Wakefield worth $4,438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWK. Deutsche Bank AG raised its holdings in Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock valued at $19,112,000 after acquiring an additional 1,663,880 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after acquiring an additional 1,084,940 shares in the last quarter. Nuveen LLC acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth $11,086,000. Jane Street Group LLC raised its holdings in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after buying an additional 837,554 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Cushman & Wakefield by 17.0% during the 4th quarter. Northern Trust Corp now owns 3,783,117 shares of the company's stock worth $49,483,000 after buying an additional 549,718 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CWK shares. UBS Group boosted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a report on Friday, August 8th. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $13.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, August 26th. Finally, Citizens Jmp started coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

Cushman & Wakefield Price Performance

CWK traded down $0.32 on Tuesday, reaching $15.45. The stock had a trading volume of 2,844,879 shares, compared to its average volume of 2,104,134. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.22. The firm has a 50-day moving average of $12.89 and a 200-day moving average of $11.14. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 17.56 and a beta of 1.52.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

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.