Next Century Growth Investors LLC purchased a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,267,607 shares of the company's stock, valued at approximately $16,580,000. Cushman & Wakefield comprises approximately 1.2% of Next Century Growth Investors LLC's portfolio, making the stock its 28th biggest holding. Next Century Growth Investors LLC owned approximately 0.55% of Cushman & Wakefield at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after purchasing an additional 2,691 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after acquiring an additional 928 shares during the last quarter. Sterling Capital Management LLC raised its stake in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after acquiring an additional 6,431 shares during the period. Ieq Capital LLC acquired a new stake in Cushman & Wakefield during the 4th quarter valued at $135,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Price Performance
CWK traded down $0.05 on Tuesday, hitting $8.23. 3,057,536 shares of the stock were exchanged, compared to its average volume of 2,082,453. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.95 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a 12 month low of $7.64 and a 12 month high of $16.11. The business has a 50-day moving average of $10.94 and a two-hundred day moving average of $12.71.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CWK has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, Citigroup decreased their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and an average price target of $12.75.
View Our Latest Report on Cushman & Wakefield
About Cushman & Wakefield
(
Free Report)
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.
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