Sierra Summit Advisors LLC Invests $562,000 in Cushman & Wakefield PLC (NYSE:CWK)

Key Points

• Sierra Summit Advisors LLC acquired 55,008 shares of Cushman & Wakefield PLC for approximately $562,000, reflecting growing interest from institutional investors in the company.
• Cushman & Wakefield's stock experienced a 2.2% increase, with a current market capitalization of $3.17 billion and a P/E ratio of 15.56.
• Recent earnings showed an EPS of $0.30, exceeding expectations, although revenue fell short of analyst estimates at $1.65 billion.

Sierra Summit Advisors LLC acquired a new stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 55,008 shares of the company's stock, valued at approximately $562,000.

A number of other large investors have also recently made changes to their positions in CWK. Sterling Capital Management LLC lifted its stake in shares of Cushman & Wakefield by 820.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after buying an additional 6,431 shares in the last quarter. RiverPark Advisors LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at $150,000. Capital Insight Partners LLC bought a new position in shares of Cushman & Wakefield during the first quarter valued at about $175,000. Jane Street Group LLC lifted its position in shares of Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after purchasing an additional 837,554 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $197,000. 95.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CWK. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Citizens Jmp began coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target on the stock. UBS Group raised their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. JMP Securities raised their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target on the stock in a research report on Friday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of "Moderate Buy" and a consensus price target of $14.38.

Cushman & Wakefield Stock Performance

CWK stock traded up $0.44 during mid-day trading on Tuesday, hitting $13.94. The company had a trading volume of 30,595 shares, compared to its average volume of 2,070,770. The firm has a market cap of $3.23 billion, a PE ratio of 15.80 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield PLC has a 12 month low of $7.64 and a 12 month high of $16.11. The stock's fifty day moving average price is $11.44 and its two-hundred day moving average price is $10.94.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Cushman & Wakefield Company 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.