Great Lakes Advisors LLC Has $7.75 Million Holdings in Cushman & Wakefield plc (NYSE:CWK)

Great Lakes Advisors LLC raised its holdings in Cushman & Wakefield plc (NYSE:CWKGet Rating) by 1,047.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 378,003 shares of the company’s stock after buying an additional 345,050 shares during the quarter. Great Lakes Advisors LLC owned 0.17% of Cushman & Wakefield worth $7,753,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its stake in Cushman & Wakefield by 19.6% in the fourth quarter. Squarepoint Ops LLC now owns 296,333 shares of the company’s stock valued at $6,590,000 after buying an additional 48,589 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cushman & Wakefield by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,324,878 shares of the company’s stock worth $29,466,000 after purchasing an additional 58,052 shares during the period. Versor Investments LP raised its position in shares of Cushman & Wakefield by 60.7% during the first quarter. Versor Investments LP now owns 18,475 shares of the company’s stock worth $379,000 after purchasing an additional 6,975 shares during the period. HighTower Advisors LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter worth approximately $1,678,000. Finally, Bank of America Corp DE raised its position in shares of Cushman & Wakefield by 165.2% during the fourth quarter. Bank of America Corp DE now owns 222,604 shares of the company’s stock worth $4,950,000 after purchasing an additional 138,675 shares during the period. 82.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Raymond James lowered their target price on Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 26th. Morgan Stanley lowered their target price on Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, Citigroup lowered their target price on Cushman & Wakefield from $23.00 to $21.00 in a research report on Thursday, April 21st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $24.50.

Cushman & Wakefield Trading Down 4.4 %

NYSE CWK opened at $15.88 on Friday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 10.11 and a beta of 1.40. The business has a fifty day simple moving average of $15.89 and a 200 day simple moving average of $18.52. Cushman & Wakefield plc has a 12 month low of $13.90 and a 12 month high of $23.54. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.09.

Cushman & Wakefield (NYSE:CWKGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.31 billion. Cushman & Wakefield had a return on equity of 33.11% and a net margin of 3.52%. Cushman & Wakefield’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts predict that Cushman & Wakefield plc will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Cushman & Wakefield

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

Cushman & Wakefield Company Profile

(Get Rating)

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.

Read More

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

Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.