Great Lakes Advisors LLC Grows Position in Cushman & Wakefield plc (NYSE:CWK)

Great Lakes Advisors LLC boosted its stake in Cushman & Wakefield plc (NYSE:CWKGet Rating) by 1,047.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 378,003 shares of the company’s stock after buying an additional 345,050 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.17% of Cushman & Wakefield worth $7,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Koshinski Asset Management Inc. bought a new position in Cushman & Wakefield in the 1st quarter valued at $35,000. Selective Wealth Management Inc. bought a new position in Cushman & Wakefield in the 1st quarter valued at $41,000. First Horizon Advisors Inc. grew its stake in Cushman & Wakefield by 86.7% in the 4th quarter. First Horizon Advisors Inc. now owns 2,240 shares of the company’s stock valued at $50,000 after purchasing an additional 1,040 shares during the period. Advisor Group Holdings Inc. grew its stake in Cushman & Wakefield by 3,128.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after purchasing an additional 2,221 shares during the period. Finally, FourThought Financial LLC grew its stake in Cushman & Wakefield by 112.9% in the 1st quarter. FourThought Financial LLC now owns 2,593 shares of the company’s stock valued at $53,000 after purchasing an additional 1,375 shares during the period. 82.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michelle Mackay bought 3,500 shares of the business’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $14.64 per share, for a total transaction of $51,240.00. Following the purchase, the insider now directly owns 50,760 shares in the company, valued at $743,126.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 15,231 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $17.58, for a total value of $267,760.98. Following the sale, the insider now owns 22,580 shares of the company’s stock, valued at approximately $396,956.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michelle Mackay purchased 3,500 shares of the stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of $14.64 per share, for a total transaction of $51,240.00. Following the acquisition, the insider now owns 50,760 shares in the company, valued at $743,126.40. The disclosure for this purchase can be found here. 1.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on CWK shares. Morgan Stanley reduced their price objective on Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Raymond James cut their price target on Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 26th. Finally, Citigroup cut their price target on Cushman & Wakefield from $23.00 to $21.00 in a research note on Thursday, April 21st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cushman & Wakefield currently has an average rating of “Buy” and an average target price of $24.50.

Cushman & Wakefield Stock Down 4.4 %

Shares of NYSE CWK opened at $15.88 on Friday. Cushman & Wakefield plc has a 52 week low of $13.90 and a 52 week high of $23.54. The business has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $18.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.09. The company has a market cap of $3.58 billion, a P/E ratio of 10.11 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWKGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. Cushman & Wakefield had a return on equity of 33.11% and a net margin of 3.52%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Research analysts anticipate that Cushman & Wakefield plc will post 2.33 earnings per share for the current fiscal year.

About Cushman & Wakefield

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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.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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