Cubist Systematic Strategies LLC Takes Position in Cushman & Wakefield PLC $CWK

Cubist Systematic Strategies LLC acquired a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 125,066 shares of the company's stock, valued at approximately $1,278,000. Cubist Systematic Strategies LLC owned approximately 0.05% of Cushman & Wakefield as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CWK. Knights of Columbus Asset Advisors LLC lifted its stake in Cushman & Wakefield by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after purchasing an additional 2,070 shares during the last quarter. Vident Advisory LLC lifted its stake in Cushman & Wakefield by 18.1% in the first quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock worth $177,000 after purchasing an additional 2,656 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Cushman & Wakefield by 3.1% in the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock worth $917,000 after purchasing an additional 2,686 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Cushman & Wakefield by 0.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,002,442 shares of the company's stock worth $10,245,000 after purchasing an additional 3,032 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cushman & Wakefield by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock worth $1,705,000 after purchasing an additional 4,963 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Transactions at Cushman & Wakefield

In related news, Director Angela Sun sold 6,800 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the sale, the director owned 46,498 shares of the company's stock, valued at approximately $744,897.96. This represents a 12.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CWK. Citizens Jmp began coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target on the stock in a report on Friday, August 8th. JMP Securities boosted their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.13.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock traded up $0.04 during trading hours on Friday, reaching $16.63. The stock had a trading volume of 1,620,436 shares, compared to its average volume of 1,996,825. The firm has a market capitalization of $3.85 billion, a PE ratio of 18.90 and a beta of 1.53. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.77. The stock's 50 day moving average is $13.75 and its 200 day moving average is $11.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. Cushman & Wakefield's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS. Equities analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share 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.