Trexquant Investment LP lifted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 2,377.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 418,166 shares of the company's stock after buying an additional 401,289 shares during the period. Trexquant Investment LP owned approximately 0.18% of Cushman & Wakefield worth $5,470,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Cushman & Wakefield by 45.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 97,942 shares of the company's stock valued at $1,335,000 after purchasing an additional 30,707 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cushman & Wakefield by 11.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,471 shares of the company's stock valued at $703,000 after buying an additional 5,141 shares during the last quarter. Walleye Capital LLC acquired a new position in Cushman & Wakefield in the 3rd quarter valued at $150,000. Systematic Financial Management LP purchased a new position in Cushman & Wakefield during the 3rd quarter worth $1,284,000. Finally, State Street Corp lifted its stake in shares of Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after acquiring an additional 756,966 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Price Performance
Shares of CWK traded down $0.80 on Thursday, reaching $7.79. The stock had a trading volume of 991,363 shares, compared to its average volume of 2,039,532. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.11 and a beta of 1.26. The firm has a 50-day moving average of $11.26 and a 200 day moving average of $12.84. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Sell-side analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current year.
Wall Street Analysts Forecast Growth
CWK has been the subject of several analyst reports. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.50.
View Our Latest Report on CWK
Cushman & Wakefield Company Profile
(
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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