Frontier Capital Management Co. LLC Takes Position in Cushman & Wakefield PLC $CWK

Frontier Capital Management Co. LLC acquired a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,676,051 shares of the company’s stock, valued at approximately $51,764,000. Frontier Capital Management Co. LLC owned 2.02% of Cushman & Wakefield at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares during the period. CENTRAL TRUST Co acquired a new position in Cushman & Wakefield during the second quarter worth about $50,000. Nomura Asset Management Co. Ltd. increased its holdings in Cushman & Wakefield by 48.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock valued at $64,000 after buying an additional 1,900 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the 1st quarter valued at approximately $102,000. Finally, DRW Securities LLC purchased a new stake in shares of Cushman & Wakefield during the 1st quarter worth approximately $109,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Citizens Jmp lifted their price target on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, October 8th. UBS Group raised their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.44.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $15.28 on Thursday. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $17.33. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 15.92 and a beta of 1.46. The company’s 50-day moving average is $15.83 and its two-hundred day moving average is $14.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. Research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

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.