Versor Investments LP Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Versor Investments LP purchased 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 SEC. The firm purchased 47,000 shares of the company's stock, valued at approximately $641,000.

A number of other hedge funds also recently modified their holdings of the stock. Swiss National Bank grew its holdings in Cushman & Wakefield by 14.6% during the 1st quarter. Swiss National Bank now owns 359,000 shares of the company's stock valued at $3,755,000 after buying an additional 45,700 shares in the last quarter. Sei Investments Co. grew its stake in Cushman & Wakefield by 52.8% during the first quarter. Sei Investments Co. now owns 658,629 shares of the company's stock valued at $6,889,000 after acquiring an additional 227,519 shares in the last quarter. Algert Global LLC lifted its stake in Cushman & Wakefield by 821.0% in the 2nd quarter. Algert Global LLC now owns 698,944 shares of the company's stock worth $7,269,000 after purchasing an additional 623,054 shares in the last quarter. American Century Companies Inc. boosted its holdings in Cushman & Wakefield by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 327,018 shares of the company's stock valued at $3,401,000 after purchasing an additional 43,941 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Cushman & Wakefield by 8.9% in the 2nd quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company's stock valued at $12,031,000 after purchasing an additional 94,502 shares during the period. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Trading Down 2.2 %

NYSE:CWK traded down $0.32 during trading hours on Thursday, reaching $14.12. The company's stock had a trading volume of 1,323,281 shares, compared to its average volume of 2,208,584. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 38.19 and a beta of 1.30. The firm has a 50-day simple moving average of $13.35 and a 200-day simple moving average of $12.13. Cushman & Wakefield plc has a 1 year low of $8.09 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts expect that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CWK shares. Raymond James boosted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.80.

Cushman & Wakefield 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.