Peregrine Capital Management LLC Purchases New Shares in Cushman & Wakefield plc (NYSE:CWK)

Peregrine Capital Management LLC bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 523,632 shares of the company's stock, valued at approximately $5,655,000. Peregrine Capital Management LLC owned about 0.23% of Cushman & Wakefield as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its stake in Cushman & Wakefield by 3,128.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company's stock valued at $46,000 after purchasing an additional 2,221 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Cushman & Wakefield by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 550,325 shares of the company's stock valued at $11,287,000 after purchasing an additional 19,586 shares in the last quarter. US Bancorp DE raised its stake in Cushman & Wakefield by 1,215.8% during the first quarter. US Bancorp DE now owns 8,237 shares of the company's stock valued at $169,000 after purchasing an additional 7,611 shares in the last quarter. Bank of Montreal Can raised its stake in Cushman & Wakefield by 7.0% during the first quarter. Bank of Montreal Can now owns 34,037 shares of the company's stock valued at $711,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Cushman & Wakefield by 199.9% during the first quarter. Acadian Asset Management LLC now owns 13,220 shares of the company's stock valued at $271,000 after purchasing an additional 8,812 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Trading Down 2.4 %

Shares of CWK traded down $0.24 during midday trading on Thursday, hitting $9.90. The stock had a trading volume of 1,396,036 shares, compared to its average volume of 2,116,131. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $11.76. The firm has a market cap of $2.25 billion, a PE ratio of -58.23 and a beta of 1.34. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17. The stock's 50 day moving average is $10.17 and its 200 day moving average is $9.27.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The firm's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. As a group, analysts forecast that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following 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 is available at this link. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $403,865.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction dated 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 owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CWK. Wolfe Research reaffirmed a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research note on Wednesday. They issued a "buy" rating and a $13.00 target price on the stock. Finally, Raymond James downgraded shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 target price on the stock. in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.08.

Cushman & Wakefield 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.