Magnetar Financial LLC Buys New Position in Cushman & Wakefield PLC $CWK

Key Points

• Magnetar Financial LLC has invested approximately $243,000 in Cushman & Wakefield PLC by acquiring 23,810 shares in the first quarter.
• Other institutional investors, such as Dimensional Fund Advisors LP and Channing Capital Management LLC, have also increased their stakes in Cushman & Wakefield, contributing to a total of 95.56% of the company's stock being owned by hedge funds and institutional investors.
• Analysts have varying views on the stock, with a consensus rating of "Moderate Buy" and the average target price set at $15.13 following recent upgrades from firms including Goldman Sachs and JPMorgan Chase & Co..

Magnetar Financial LLC bought a new position in Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 23,810 shares of the company's stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWK. Capital Insight Partners LLC purchased a new position in shares of Cushman & Wakefield in the 1st quarter worth approximately $175,000. Jane Street Group LLC boosted its holdings 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 worth $190,000 after purchasing an additional 837,554 shares during the period. First Trust Advisors LP purchased a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $197,000. Entropy Technologies LP purchased a new position in Cushman & Wakefield during the 1st quarter valued at $242,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Cushman & Wakefield during the 4th quarter valued at $262,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CWK shares. The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective for the company in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. 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 objective for the company. UBS Group boosted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. One research 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. Based on data from MarketBeat, Cushman & Wakefield currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.

Cushman & Wakefield Stock Up 4.5%

NYSE CWK traded up $0.71 on Friday, reaching $16.57. 2,663,811 shares of the stock traded hands, compared to its average volume of 2,265,629. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average price of $13.27 and a 200-day moving average price of $11.22. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 18.83 and a beta of 1.53. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.61.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its 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 business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.Cushman & Wakefield's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. As a group, research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield Company 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.