Quantbot Technologies LP Makes New $1.35 Million Investment in Cushman & Wakefield PLC $CWK

Key Points

• Quantbot Technologies LP acquired a new stake of 84,735 shares in Cushman & Wakefield, valued at approximately $1.35 million in the third quarter.
• Multiple large institutions (Frontier, Channing, Balyasny, New York State Common, Arrowstreet) materially increased positions, and institutional investors now own 95.56% of the company.
• Analyst sentiment is a consensus "Moderate Buy" with a target of $18.56, and the company recently beat EPS and revenue estimates with revenue up 10.8% year-over-year.

Quantbot Technologies LP acquired a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,735 shares of the company's stock, valued at approximately $1,349,000.

Other large investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC bought a new position in Cushman & Wakefield during the 2nd quarter valued at about $51,764,000. Channing Capital Management LLC bought a new stake in Cushman & Wakefield during the third quarter worth about $55,665,000. Balyasny Asset Management L.P. increased its holdings in shares of Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company's stock worth $31,876,000 after buying an additional 1,620,143 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Cushman & Wakefield by 486.1% in the third quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company's stock valued at $17,787,000 after acquiring an additional 926,664 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cushman & Wakefield by 416.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,541 shares of the company's stock worth $6,360,000 after acquiring an additional 463,241 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

CWK has been the subject of a number of recent analyst reports. Wolfe Research raised Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 price target for the company in a report on Monday, February 9th. Wall Street Zen cut Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Monday, February 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Finally, Barclays restated a "positive" rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.56.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $13.23 on Friday. The stock has a 50-day moving average price of $15.34 and a 200 day moving average price of $15.69. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 34.82 and a beta of 1.49. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $17.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The company's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. Research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Cushman & Wakefield Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm's core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.

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