New York State Common Retirement Fund Has $16.95 Million Holdings in Cushman & Wakefield plc (NYSE:CWK)

New York State Common Retirement Fund grew its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 579.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,295,988 shares of the company's stock after buying an additional 1,105,355 shares during the quarter. New York State Common Retirement Fund owned 0.56% of Cushman & Wakefield worth $16,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after acquiring an additional 2,027 shares in the last quarter. KBC Group NV boosted its holdings in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company's stock valued at $109,000 after purchasing an additional 1,915 shares in the last quarter. CWM LLC grew its stake in shares of Cushman & Wakefield by 67.6% during the 3rd quarter. CWM LLC now owns 9,167 shares of the company's stock worth $125,000 after purchasing an additional 3,699 shares during the period. Walleye Capital LLC acquired a new position in shares of Cushman & Wakefield during the 3rd quarter worth $150,000. Finally, Empowered Funds LLC raised its position in shares of Cushman & Wakefield by 11.7% during the 3rd 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 last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

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Cushman & Wakefield Price Performance

Shares of CWK traded up $0.08 during mid-day trading on Wednesday, reaching $11.94. The company had a trading volume of 413,554 shares, compared to its average volume of 1,580,013. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month high of $16.11. The company has a market capitalization of $2.74 billion, a P/E ratio of 21.70 and a beta of 1.34. The company's 50-day moving average is $13.00 and its 200-day moving average is $13.42. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (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 business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Ratings Changes

CWK has been the topic of a number of research analyst reports. 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 report on Monday, December 16th. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.00.

Cushman & Wakefield Profile

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.