Basswood Capital Management L.L.C. Grows Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Basswood Capital Management L.L.C. raised its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 129.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,654,768 shares of the company's stock after buying an additional 932,649 shares during the period. Basswood Capital Management L.L.C. owned about 0.72% of Cushman & Wakefield worth $22,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWK. American Century Companies Inc. boosted its position in shares of Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company's stock worth $3,401,000 after purchasing an additional 43,941 shares during the period. Algert Global LLC boosted its position in shares of Cushman & Wakefield by 821.0% in the second quarter. Algert Global LLC now owns 698,944 shares of the company's stock worth $7,269,000 after purchasing an additional 623,054 shares during the period. Natixis Advisors LLC boosted its position in shares of Cushman & Wakefield by 8.9% during the second quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company's stock worth $12,031,000 after acquiring an additional 94,502 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Cushman & Wakefield during the third quarter worth $4,942,000. Finally, AQR Capital Management LLC boosted its position in shares of Cushman & Wakefield by 38.0% during the second quarter. AQR Capital Management LLC now owns 792,399 shares of the company's stock worth $8,241,000 after acquiring an additional 218,353 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK traded down $0.21 during midday trading on Monday, reaching $15.09. 633,980 shares of the company were exchanged, compared to its average volume of 2,158,642. 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 business's fifty day moving average is $13.73 and its two-hundred day moving average is $12.51. Cushman & Wakefield plc has a one year low of $8.42 and a one year high of $16.11. The stock has a market cap of $3.46 billion, a PE ratio of 41.35 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Cushman & Wakefield's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Cushman & Wakefield plc will post 0.91 earnings per share for the current 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.