Traders Purchase Large Volume of Cushman & Wakefield Call Options (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 7,796 call options on the stock. This is an increase of approximately 4,231% compared to the average daily volume of 180 call options.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company's stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares of the company's stock, valued at $403,865.73. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. Insiders own 1.01% of the company's stock.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors have recently bought and sold shares of CWK. GAMMA Investing LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $50,000. AXQ Capital LP purchased a new stake in shares of Cushman & Wakefield during the third quarter valued at $79,000. Tower Research Capital LLC TRC grew its holdings in shares of Cushman & Wakefield by 352.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company's stock valued at $79,000 after buying an additional 5,694 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company's stock valued at $88,000 after buying an additional 2,737 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new stake in shares of Cushman & Wakefield during the fourth quarter valued at $108,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Up 0.8 %

CWK traded up $0.08 during trading on Tuesday, hitting $10.20. The stock had a trading volume of 1,786,121 shares, compared to its average volume of 2,056,009. The company has a market capitalization of $2.34 billion, a PE ratio of 255.00 and a beta of 1.33. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $11.76. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $9.59.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. Cushman & Wakefield's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. On average, research analysts predict that Cushman & Wakefield will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CWK. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They set a "buy" rating and a $13.00 target price on the stock. Wolfe Research reiterated a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Raymond James downgraded shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price objective on the stock. in a research note on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of "Hold" and a consensus price target of $11.08.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.