MQS Management LLC Buys New Holdings in Cushman & Wakefield PLC (NYSE:CWK)

MQS Management LLC bought a new position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,596 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cushman & Wakefield by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock worth $151,551,000 after purchasing an additional 736,955 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Cushman & Wakefield by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company's stock worth $51,683,000 after purchasing an additional 17,050 shares during the last quarter. Northern Trust Corp lifted its position in shares of Cushman & Wakefield by 17.0% during the fourth quarter. Northern Trust Corp now owns 3,783,117 shares of the company's stock worth $49,483,000 after purchasing an additional 549,718 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after purchasing an additional 1,084,940 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWK has been the subject of several research analyst reports. UBS Group lifted their target price on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. decreased their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. 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. Finally, Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.43.

Cushman & Wakefield Stock Down 0.7%

Cushman & Wakefield stock traded down $0.08 during trading hours on Friday, reaching $11.21. The stock had a trading volume of 1,120,542 shares, compared to its average volume of 2,014,659. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 16.25 and a beta of 1.43. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. The business's 50 day moving average price is $10.69 and its 200-day moving average price is $11.02. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current 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.