QRG Capital Management Inc. Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

QRG Capital Management Inc. bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,879 shares of the company's stock, valued at approximately $325,000.

A number of other institutional investors also recently bought and sold shares of CWK. Geode Capital Management LLC raised its stake in shares of Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. New York State Teachers Retirement System increased its stake in Cushman & Wakefield by 3.7% during the 4th quarter. New York State Teachers Retirement System now owns 119,198 shares of the company's stock worth $1,559,000 after buying an additional 4,267 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Cushman & Wakefield during the 3rd quarter worth approximately $4,942,000. State Street Corp increased its stake in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after buying an additional 756,966 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Cushman & Wakefield during the 3rd quarter worth approximately $150,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Down 2.1 %

Shares of NYSE CWK traded down $0.24 during mid-day trading on Friday, reaching $11.20. The company had a trading volume of 1,934,803 shares, compared to its average volume of 1,918,241. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a 50 day simple moving average of $12.74 and a two-hundred day simple moving average of $13.35. The stock has a market cap of $2.57 billion, a P/E ratio of 20.35 and a beta of 1.40. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Sell-side analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWK has been the topic of several recent research reports. The Goldman Sachs Group cut their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Cushman & Wakefield has an average rating of "Hold" and a consensus target price 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.