Cushman & Wakefield Target of Unusually Large Options Trading (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the target of unusually large options trading on Thursday. Traders bought 15,177 call options on the stock. This represents an increase of approximately 4,599% compared to the typical daily volume of 323 call options.

Analysts Set New Price Targets

A number of brokerages have commented on CWK. Raymond James lifted their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.80.

Cushman & Wakefield Trading Up 6.4 %

Shares of CWK stock opened at $13.54 on Friday. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $13.99. The firm has a market cap of $3.10 billion, a PE ratio of 338.50 and a beta of 1.30. The company has a 50-day moving average of $13.03 and a two-hundred day moving average of $11.69. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Cushman & Wakefield will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CWK. State of Alaska Department of Revenue lifted its position in shares of Cushman & Wakefield by 13.1% during the third quarter. State of Alaska Department of Revenue now owns 130,822 shares of the company’s stock worth $1,783,000 after purchasing an additional 15,171 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cushman & Wakefield by 11.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 110,800 shares of the company’s stock worth $1,510,000 after buying an additional 11,700 shares in the last quarter. Everence Capital Management Inc. boosted its position in Cushman & Wakefield by 14.1% in the 3rd quarter. Everence Capital Management Inc. now owns 20,380 shares of the company’s stock valued at $278,000 after buying an additional 2,520 shares during the period. Blue Trust Inc. boosted its position in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares during the period. Finally, Oliver Luxxe Assets LLC acquired a new position in shares of Cushman & Wakefield in the third quarter worth $1,498,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

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.