GAMMA Investing LLC Acquires 49,244 Shares of Cushman & Wakefield plc (NYSE:CWK)

GAMMA Investing LLC increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 840.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 55,106 shares of the company's stock after purchasing an additional 49,244 shares during the period. GAMMA Investing LLC's holdings in Cushman & Wakefield were worth $5,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWK. Smartleaf Asset Management LLC grew its holdings in Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after purchasing an additional 2,691 shares during the period. Sterling Capital Management LLC grew its holdings in 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 purchasing an additional 6,431 shares during the period. Ieq Capital LLC bought a new position in Cushman & Wakefield during the fourth quarter worth about $135,000. Jones Financial Companies Lllp grew its holdings in Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the period. Finally, RiverPark Advisors LLC bought a new position in Cushman & Wakefield during the fourth quarter worth about $150,000. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

Shares of CWK stock traded down $0.39 during trading on Friday, hitting $10.41. The company had a trading volume of 1,399,837 shares, compared to its average volume of 1,952,639. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $2.41 billion, a P/E ratio of 18.93 and a beta of 1.43. The stock's 50-day moving average price is $9.58 and its 200 day moving average price is $11.56. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CWK. UBS Group cut their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup cut their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley raised their price objective on shares of Cushman & Wakefield from $14.00 to $14.50 and gave the stock an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.00.

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.