Versor Investments LP Has $112,000 Stake in Cushman & Wakefield PLC $CWK

Versor Investments LP decreased its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 50.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,000 shares of the company’s stock after selling 11,400 shares during the period. Versor Investments LP’s holdings in Cushman & Wakefield were worth $112,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital Insight Partners LLC acquired a new position in Cushman & Wakefield during the first quarter worth $175,000. Jane Street Group LLC boosted its holdings in Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company’s stock worth $190,000 after purchasing an additional 837,554 shares during the last quarter. First Trust Advisors LP acquired a new position in Cushman & Wakefield during the fourth quarter worth $197,000. Entropy Technologies LP acquired a new position in Cushman & Wakefield during the first quarter worth $242,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Cushman & Wakefield during the fourth quarter worth $262,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of CWK opened at $15.6130 on Friday. The firm has a market capitalization of $3.61 billion, a PE ratio of 17.74 and a beta of 1.50. The company’s 50-day moving average is $12.25 and its 200-day moving average is $11.05. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWK. UBS Group increased their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. JMP Securities upped their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They set a “strong-buy” rating and a $15.00 price target on the stock. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price target on the stock in a research report on Friday, August 8th. Finally, Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an “overweight” rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.38.

About Cushman & Wakefield

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.