Cushman & Wakefield Sees Unusually Large Options Volume (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) saw some unusual options trading on Tuesday. Stock investors acquired 7,796 call options on the company. This represents an increase of approximately 4,231% compared to the typical daily volume of 180 call options.

Insider Activity

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the transaction, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at $50,000. Tower Research Capital LLC TRC lifted its holdings in Cushman & Wakefield by 352.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after purchasing an additional 5,694 shares during the last quarter. Pale Fire Capital SE bought a new stake in Cushman & Wakefield during the fourth quarter worth about $108,000. KG&L Capital Management LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth approximately $109,000. Finally, Xponance Inc. bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $109,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

NYSE CWK opened at $10.18 on Thursday. The stock has a 50-day simple moving average of $9.92 and a 200 day simple moving average of $9.60. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $11.76. The stock has a market capitalization of $2.33 billion, a PE ratio of 254.38 and a beta of 1.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business posted $0.46 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts anticipate that Cushman & Wakefield will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CWK. Jefferies Financial Group assumed coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield presently has an average rating of “Hold” and a consensus price target of $11.08.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.