New Age Alpha Advisors LLC Buys Shares of 33,113 Cushman & Wakefield PLC (NYSE:CWK)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in Cushman & Wakefield PLC, purchasing 33,113 shares valued at approximately $338,000.
• Cushman & Wakefield reported earnings of $0.30 per share for the quarter, exceeding analysts’ expectations of $0.22, with revenues of $1.65 billion.
• Institutional investors hold 95.56% of Cushman & Wakefield's stock, indicating strong confidence in the company's performance.

New Age Alpha Advisors LLC bought a new position in 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 33,113 shares of the company's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC lifted its position in shares of Cushman & Wakefield by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after purchasing an additional 2,070 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Cushman & Wakefield by 3.1% in the 1st quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock valued at $917,000 after buying an additional 2,686 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Cushman & Wakefield by 8.3% in the 4th quarter. Bank of Montreal Can now owns 43,561 shares of the company's stock valued at $570,000 after buying an additional 3,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cushman & Wakefield by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock valued at $1,705,000 after buying an additional 4,963 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Cushman & Wakefield by 1.6% in the 1st quarter. Federated Hermes Inc. now owns 393,549 shares of the company's stock valued at $4,022,000 after acquiring an additional 6,256 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 3.2%

Shares of CWK stock traded up $0.43 on Tuesday, reaching $13.93. The company had a trading volume of 30,595 shares, compared to its average volume of 2,070,770. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The stock has a market cap of $3.22 billion, a PE ratio of 15.80 and a beta of 1.50. The company has a 50-day moving average of $11.44 and a 200-day moving average of $10.94. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $0.20 EPS. On average, equities analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CWK. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a research note 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 research note on Thursday, June 12th. UBS Group raised their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, JMP Securities upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $14.38.

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.