Jennison Associates LLC Makes New $746,000 Investment in Cushman & Wakefield plc (NYSE:CWK)

Jennison Associates LLC acquired a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 54,699 shares of the company's stock, valued at approximately $746,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CWK. Empowered Funds LLC lifted its stake in Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock worth $153,000 after purchasing an additional 1,180 shares during the period. SummerHaven Investment Management LLC grew its position in Cushman & Wakefield by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company's stock valued at $831,000 after acquiring an additional 1,395 shares during the period. CIBC Asset Management Inc raised its stake in Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock worth $205,000 after acquiring an additional 1,421 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock valued at $334,000 after acquiring an additional 1,500 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after purchasing an additional 1,629 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

Shares of CWK stock traded up $0.30 during trading hours on Friday, hitting $14.44. 975,293 shares of the company's stock were exchanged, compared to its average volume of 2,035,522. The stock's 50-day moving average is $13.54 and its 200-day moving average is $12.33. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 52 week low of $8.09 and a 52 week high of $16.11. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 39.03 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS 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 for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company's revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Cushman & Wakefield plc will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th.

Cushman & Wakefield Profile

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.