Geode Capital Management LLC Increases Stake in Cushman & Wakefield plc (NYSE:CWK)

Geode Capital Management LLC boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,696,370 shares of the company's stock after buying an additional 395,652 shares during the period. Geode Capital Management LLC owned approximately 2.48% of Cushman & Wakefield worth $77,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after buying an additional 2,027 shares during the period. GAMMA Investing LLC lifted its position in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after buying an additional 1,629 shares during the period. Profund Advisors LLC bought a new stake in shares of Cushman & Wakefield in the 2nd quarter worth about $105,000. KBC Group NV increased its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after buying an additional 1,915 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Cushman & Wakefield in the second quarter worth $116,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of CWK stock traded up $0.14 during trading hours on Friday, reaching $13.09. The company's stock had a trading volume of 4,194,515 shares, compared to its average volume of 2,140,706. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. The firm's 50 day simple moving average is $14.21 and its 200-day simple moving average is $12.88. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 35.38 and a beta of 1.32.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a report on Friday, December 6th. They set a "sell" rating and a $15.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.25.

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.