Erste Asset Management GmbH Invests $903,000 in Cushman & Wakefield PLC $CWK

Erste Asset Management GmbH bought a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK) during the 4th quarter, Holdings Channel reports. The firm bought 54,600 shares of the company’s stock, valued at approximately $903,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Cushman & Wakefield by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 12,740,993 shares of the company’s stock worth $202,838,000 after purchasing an additional 280,136 shares in the last quarter. State Street Corp boosted its stake in shares of Cushman & Wakefield by 0.9% during the 2nd quarter. State Street Corp now owns 9,010,052 shares of the company’s stock worth $99,741,000 after acquiring an additional 79,473 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cushman & Wakefield by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock worth $96,918,000 after acquiring an additional 29,832 shares in the last quarter. Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield during the 3rd quarter worth $55,665,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after acquiring an additional 1,620,143 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Down 4.0%

CWK stock opened at $13.25 on Thursday. Cushman & Wakefield PLC has a 1-year low of $10.14 and a 1-year high of $17.40. The firm has a market cap of $3.11 billion, a P/E ratio of 41.42 and a beta of 1.44. The business’s 50 day moving average is $13.40 and its 200-day moving average is $14.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Equities analysts anticipate that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWK has been the subject of several recent analyst reports. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings cut Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Finally, Barclays reduced their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.74% of the company’s stock.

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.