UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,067,526 shares of the company's stock after purchasing an additional 1,084,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.34% of Cushman & Wakefield worth $40,123,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CWK. Barclays PLC lifted its stake in shares of Cushman & Wakefield by 322.6% in the 3rd quarter. Barclays PLC now owns 394,327 shares of the company's stock valued at $5,374,000 after purchasing an additional 301,017 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Cushman & Wakefield by 20.4% in the fourth quarter. Merit Financial Group LLC now owns 18,054 shares of the company's stock valued at $236,000 after purchasing an additional 3,054 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after purchasing an additional 928 shares during the period. KBC Group NV grew its holdings in Cushman & Wakefield by 2,516.4% in the 4th quarter. KBC Group NV now owns 208,289 shares of the company's stock valued at $2,724,000 after buying an additional 200,328 shares during the last quarter. Finally, Calamos Advisors LLC boosted its position in shares of Cushman & Wakefield by 533.0% in the fourth quarter. Calamos Advisors LLC now owns 281,985 shares of the company's stock valued at $3,688,000 after acquiring an additional 237,441 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley dropped their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. UBS Group cut their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. 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 company's stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of "Hold" and an average target price of $12.93.
Check Out Our Latest Stock Report on CWK
Cushman & Wakefield Trading Down 1.5%
Shares of Cushman & Wakefield stock traded down $0.16 during trading on Friday, hitting $9.98. 347,562 shares of the company were exchanged, compared to its average volume of 1,980,811. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The firm has a market capitalization of $2.31 billion, a P/E ratio of 18.25 and a beta of 1.37. The firm's fifty day moving average price is $9.47 and its 200 day moving average price is $11.86. Cushman & Wakefield plc has a 1-year low of $7.64 and a 1-year high of $16.11.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The company's quarterly revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.
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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