Citigroup Inc. Acquires 149,213 Shares of Cushman & Wakefield plc (NYSE:CWK)

Citigroup Inc. grew its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 92.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,383 shares of the company's stock after buying an additional 149,213 shares during the quarter. Citigroup Inc. owned 0.14% of Cushman & Wakefield worth $4,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CWK. Price T Rowe Associates Inc. MD lifted its position in shares of Cushman & Wakefield by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,904 shares of the company's stock worth $941,000 after buying an additional 5,982 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Cushman & Wakefield by 6.6% during the 1st quarter. California State Teachers Retirement System now owns 180,213 shares of the company's stock worth $1,885,000 after purchasing an additional 11,154 shares during the last quarter. CWM LLC increased its stake in shares of Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after purchasing an additional 2,080 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Cushman & Wakefield by 12.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company's stock worth $64,571,000 after purchasing an additional 697,890 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of Cushman & Wakefield by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company's stock worth $831,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock traded down $0.06 during trading hours on Wednesday, hitting $15.14. 1,436,509 shares of the company were exchanged, compared to its average volume of 2,155,756. The firm has a fifty day simple moving average of $13.79 and a 200 day simple moving average of $12.56. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 52-week low of $8.53 and a 52-week high of $16.11. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 40.86 and a beta of 1.32.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.21 EPS. Cushman & Wakefield's quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts predict that Cushman & Wakefield plc will post 0.88 earnings per share 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.