ExodusPoint Capital Management LP acquired a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 203,263 shares of the company's stock, valued at approximately $2,659,000. ExodusPoint Capital Management LP owned approximately 0.09% of Cushman & Wakefield as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Channing Capital Management LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $61,732,000. Norges Bank acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $38,720,000. Raymond James Financial Inc. acquired a new position in Cushman & Wakefield in the fourth quarter valued at approximately $25,964,000. New York State Common Retirement Fund grew its position in shares of Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after buying an additional 1,105,355 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Cushman & Wakefield by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock worth $163,164,000 after purchasing an additional 1,094,260 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Stock Up 0.3 %
Cushman & Wakefield stock traded up $0.03 during trading on Friday, reaching $8.02. 4,186,147 shares of the company's stock were exchanged, compared to its average volume of 2,065,100. The company's 50-day moving average is $11.05 and its two-hundred day moving average is $12.76. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.57 and a beta of 1.26. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on CWK shares. Citigroup decreased their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, UBS Group cut their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.75.
Read Our Latest Stock Report on Cushman & Wakefield
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.
Read More
Before you consider Cushman & Wakefield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cushman & Wakefield wasn't on the list.
While Cushman & Wakefield currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
