Cubist Systematic Strategies LLC Makes New Investment in Cushman & Wakefield PLC $CWK

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

Several other hedge funds also recently bought and sold shares of the company. DRW Securities LLC acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $109,000. Capital Insight Partners LLC acquired a new stake in Cushman & Wakefield in the 1st quarter valued at $175,000. Vident Advisory LLC grew its position in shares of Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock valued at $177,000 after acquiring an additional 2,656 shares during the period. Jane Street Group LLC grew its position in shares of Cushman & Wakefield by 101.8% in the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after acquiring an additional 837,554 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Cushman & Wakefield in the 4th quarter valued at about $197,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 0.2%

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

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

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price for the company in a report on Friday, August 8th. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Citizens Jmp began coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, JMP Securities upped their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.