Versor Investments LP Acquires Shares of 47,000 Cushman & Wakefield plc (NYSE:CWK)

Versor Investments LP bought a new position in Cushman & Wakefield plc (NYSE:CWK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 47,000 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds also recently made changes to their positions in CWK. SummerHaven Investment Management LLC increased its stake in Cushman & Wakefield by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock worth $831,000 after acquiring an additional 1,395 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock valued at $334,000 after purchasing an additional 1,500 shares in the last quarter. GAMMA Investing LLC lifted its position in Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after purchasing an additional 1,629 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James increased their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.80.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $14.44 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 39.03 and a beta of 1.30. The firm has a 50-day moving average of $13.35 and a two-hundred day moving average of $12.13. Cushman & Wakefield plc has a 1 year low of $7.99 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. Cushman & Wakefield’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, research analysts forecast that Cushman & Wakefield plc will post 0.86 earnings per share for the current year.

Cushman & Wakefield 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.