Wolverine Trading LLC purchased a new stake in shares of Cushman & Wakefield plc (NYSE:CWK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,070 shares of the company’s stock, valued at approximately $165,000.
Several other institutional investors have also modified their holdings of CWK. Blue Trust Inc. grew its holdings in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares in the last quarter. CWM LLC grew its stake in shares of Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after purchasing an additional 2,080 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after purchasing an additional 1,629 shares during the period. Profund Advisors LLC bought a new stake in shares of Cushman & Wakefield during the second quarter valued at about $105,000. Finally, KBC Group NV lifted its holdings in Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the period. Institutional investors own 95.56% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CWK shares. JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They set a “sell” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Hold” and an average price target of $15.25.
Cushman & Wakefield Price Performance
Shares of Cushman & Wakefield stock opened at $15.02 on Tuesday. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week 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 1.76. The stock has a market cap of $3.45 billion, a PE ratio of 40.59 and a beta of 1.32. The company’s 50-day moving average price is $14.07 and its two-hundred day moving average price is $12.80.
Cushman & Wakefield (NYSE:CWK – Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. As a group, sell-side analysts anticipate that Cushman & Wakefield plc will post 0.88 EPS for the current fiscal year.
About Cushman & Wakefield
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.
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