Proficio Capital Partners LLC bought a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,316 shares of the company's stock, valued at approximately $318,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after acquiring an additional 2,691 shares in the last quarter. Blue Trust Inc. boosted its holdings in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after purchasing an additional 928 shares in the last quarter. Ieq Capital LLC purchased a new position in Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Walleye Capital LLC acquired a new stake in Cushman & Wakefield during the third quarter worth approximately $150,000. Finally, Jones Financial Companies Lllp raised its holdings in Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cushman & Wakefield Stock Performance
Shares of NYSE:CWK traded down $0.28 on Friday, reaching $10.20. The company's stock had a trading volume of 1,220,735 shares, compared to its average volume of 2,031,794. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The stock has a market capitalization of $2.34 billion, a P/E ratio of 18.54 and a beta of 1.40. The stock's 50-day moving average is $12.16 and its two-hundred day moving average is $13.13. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $2.67 billion. As a group, sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.10.
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About Cushman & Wakefield
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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.
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