79,178 Shares in Cushman & Wakefield plc (NYSE:CWK) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Cushman & Wakefield plc (NYSE:CWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 79,178 shares of the company’s stock, valued at approximately $1,036,000.

Other large investors have also recently bought and sold shares of the company. Nebula Research & Development LLC lifted its position in shares of Cushman & Wakefield by 22.6% in the fourth quarter. Nebula Research & Development LLC now owns 49,592 shares of the company’s stock valued at $649,000 after acquiring an additional 9,149 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Cushman & Wakefield in the 4th quarter valued at about $8,029,000. Voya Investment Management LLC lifted its holdings in Cushman & Wakefield by 9.5% in the 4th quarter. Voya Investment Management LLC now owns 148,020 shares of the company’s stock valued at $1,936,000 after purchasing an additional 12,887 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter worth about $150,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Cushman & Wakefield by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 153,917 shares of the company’s stock worth $2,014,000 after purchasing an additional 20,493 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

CWK stock opened at $9.61 on Friday. The stock has a 50-day moving average price of $9.87 and a two-hundred day moving average price of $12.34. The company has a market cap of $2.21 billion, a PE ratio of 17.46 and a beta of 1.26. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 12-month low of $7.64 and a 12-month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWK. Citigroup reduced their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group decreased their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. UBS Group dropped their target price on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their target price on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.93.

Cushman & Wakefield Company 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.