SG Americas Securities LLC acquired a new stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,047 shares of the company's stock, valued at approximately $450,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after purchasing an additional 2,691 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after buying an additional 6,431 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $135,000. Jones Financial Companies Lllp grew its stake in Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after acquiring an additional 6,600 shares during the last quarter. Finally, RiverPark Advisors LLC purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $150,000. 95.56% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on CWK. UBS Group cut their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. Finally, Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.00.
Check Out Our Latest Report on CWK
Cushman & Wakefield Trading Up 1.7%
Shares of CWK traded up $0.19 on Friday, hitting $11.18. 4,173,585 shares of the stock traded hands, compared to its average volume of 2,012,552. The firm has a market capitalization of $2.58 billion, a P/E ratio of 16.20 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $16.11. The stock's 50 day moving average is $10.01 and its two-hundred day moving average is $11.27.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.
About Cushman & Wakefield
(
Free Report)
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.
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