Ritholtz Wealth Management Boosts Stock Position in Cushman & Wakefield PLC $CWK

Key Points

• Ritholtz Wealth Management boosted its stake in Cushman & Wakefield by 308.2% in Q4, buying an additional 144,622 shares to hold 191,542 shares worth about $3.10 million (0.08% of the company).
• Analyst views are mixed but overall favorable: Cushman & Wakefield has a consensus rating of "Moderate Buy" with a $18.06 consensus price target, while the stock trades around $13.22 after a recent quarterly EPS beat and 10.8% revenue growth year-over-year.

Ritholtz Wealth Management grew its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 308.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,542 shares of the company's stock after buying an additional 144,622 shares during the period. Ritholtz Wealth Management owned 0.08% of Cushman & Wakefield worth $3,101,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Cushman & Wakefield by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company's stock worth $174,000 after purchasing an additional 600 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Cushman & Wakefield by 12.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company's stock worth $99,000 after purchasing an additional 667 shares in the last quarter. Amalgamated Bank lifted its holdings in Cushman & Wakefield by 1.2% in the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company's stock worth $1,061,000 after purchasing an additional 821 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company's stock worth $89,000 after purchasing an additional 867 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Cushman & Wakefield by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 68,492 shares of the company's stock worth $1,090,000 after purchasing an additional 995 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wolfe Research raised Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 price target on the stock in a report on Monday, February 9th. Barclays lowered their price target on Cushman & Wakefield from $19.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, March 13th. Wall Street Zen cut Cushman & Wakefield from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Cushman & Wakefield has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

Cushman & Wakefield Stock Down 0.0%

Shares of CWK opened at $13.22 on Monday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.78 and a beta of 1.49. Cushman & Wakefield PLC has a 1 year low of $7.65 and a 1 year high of $17.40. The business's 50 day simple moving average is $13.16 and its 200-day simple moving average is $15.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.83 billion. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, equities analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

About Cushman & Wakefield

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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