Tudor Investment Corp ET AL Buys New Position in Cushman & Wakefield PLC $CWK

Tudor Investment Corp ET AL bought a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 222,249 shares of the company’s stock, valued at approximately $3,538,000.

Several other hedge funds also recently modified their holdings of CWK. Royal Bank of Canada boosted its position in shares of Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after buying an additional 27,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cushman & Wakefield by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after buying an additional 5,929 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Cushman & Wakefield during the first quarter valued at approximately $139,000. Jane Street Group LLC boosted its position in shares of Cushman & Wakefield by 1,821.3% during the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after buying an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Cushman & Wakefield during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $13.22 on Friday. The firm has a market cap of $3.10 billion, a PE ratio of 34.78 and a beta of 1.49. Cushman & Wakefield PLC has a 1 year low of $7.65 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s fifty day moving average price is $13.16 and its two-hundred day moving average price is $15.05.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays cut their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.