Squarepoint Ops LLC Buys 117,268 Shares of Cushman & Wakefield PLC $CWK

Squarepoint Ops LLC increased its position in Cushman & Wakefield PLC (NYSE:CWK) by 18.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 763,258 shares of the company’s stock after acquiring an additional 117,268 shares during the quarter. Squarepoint Ops LLC owned about 0.33% of Cushman & Wakefield worth $8,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Cushman & Wakefield in the second quarter worth $50,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Cushman & Wakefield by 48.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $64,000 after purchasing an additional 1,900 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Cushman & Wakefield in the second quarter worth $98,000. Finally, EP Wealth Advisors LLC bought a new stake in Cushman & Wakefield during the first quarter valued at $102,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 2.0%

Shares of CWK opened at $15.28 on Friday. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $15.82 and a two-hundred day simple moving average of $14.12. The firm has a market cap of $3.54 billion, a P/E ratio of 15.91 and a beta of 1.46.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CWK shares. Citizens Jmp boosted their target price on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, November 3rd. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays initiated coverage on shares of Cushman & Wakefield in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $18.00 price objective on the stock. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 20th. Finally, UBS Group increased their price target on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.44.

Cushman & Wakefield Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.