Cushman & Wakefield Sees Unusually Large Options Volume (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors bought 15,177 call options on the stock. This represents an increase of 4,599% compared to the average daily volume of 323 call options.

Analyst Ratings Changes

Several equities research analysts have weighed in on CWK shares. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Raymond James lifted their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.80.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after purchasing an additional 2,027 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 1,629 shares during the last quarter. CWM LLC grew its holdings in shares of Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after buying an additional 2,080 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Cushman & Wakefield in the second quarter worth about $105,000. Finally, nVerses Capital LLC purchased a new position in shares of Cushman & Wakefield in the second quarter worth about $116,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

NYSE CWK traded up $0.82 on Thursday, hitting $13.55. The company had a trading volume of 3,926,243 shares, compared to its average volume of 2,199,821. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The company's fifty day moving average price is $13.01 and its 200-day moving average price is $11.68. The company has a market capitalization of $3.10 billion, a PE ratio of 342.25 and a beta of 1.30. Cushman & Wakefield has a 12-month low of $6.24 and a 12-month high of $13.99.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The company's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, analysts predict that Cushman & Wakefield will post 0.87 earnings per share for the current year.

Cushman & Wakefield Company 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.