Systematic Financial Management LP Acquires New Stake in Cushman & Wakefield plc (NYSE:CWK)

Systematic Financial Management LP bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,168 shares of the company's stock, valued at approximately $1,284,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its stake in Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock valued at $155,110,000 after buying an additional 5,171,340 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Cushman & Wakefield by 31.2% in the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock valued at $108,108,000 after buying an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company's stock valued at $105,802,000 after purchasing an additional 1,910,212 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Cushman & Wakefield by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company's stock valued at $54,187,000 after purchasing an additional 301,186 shares during the period. Finally, WCM Investment Management LLC increased its holdings in shares of Cushman & Wakefield by 3.4% in the third quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company's stock valued at $34,591,000 after purchasing an additional 84,002 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Cushman & Wakefield in a report on Friday. They issued a "sell" rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and a consensus target price of $14.00.

Cushman & Wakefield Price Performance

Shares of CWK stock traded down $0.07 during mid-day trading on Friday, reaching $15.09. The stock had a trading volume of 1,533,243 shares, compared to its average volume of 2,148,485. Cushman & Wakefield plc has a 12-month low of $8.53 and a 12-month high of $16.11. The company has a market cap of $3.46 billion, a P/E ratio of 40.78 and a beta of 1.32. The business has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $12.62. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the business posted $0.21 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Cushman & Wakefield plc will post 0.88 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.