SG Americas Securities LLC Buys New Position in Cushman & Wakefield PLC (NYSE:CWK)

SG Americas Securities 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. The fund bought 44,047 shares of the company's stock, valued at approximately $450,000.

Other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 3.1% in the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock valued at $917,000 after purchasing an additional 2,686 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cushman & Wakefield by 840.1% in the 1st quarter. GAMMA Investing LLC now owns 55,106 shares of the company's stock valued at $5,392,000 after acquiring an additional 49,244 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Cushman & Wakefield during the fourth quarter worth approximately $1,778,000. Jefferies Financial Group Inc. acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $2,498,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 period. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWK has been the topic of several recent research reports. Citigroup lowered their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. UBS Group cut their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus price target of $13.00.

Cushman & Wakefield Trading Up 1.8%

CWK traded up $0.20 during trading on Tuesday, reaching $11.09. 913,651 shares of the company's stock were exchanged, compared to its average volume of 1,950,420. The firm has a fifty day moving average price of $9.85 and a two-hundred day moving average price of $11.30. The stock has a market capitalization of $2.56 billion, a PE ratio of 16.07 and a beta of 1.43. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.64.

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 for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield's revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal 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.