Stock Traders Purchase Large Volume of Call Options on Cushman & Wakefield (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the recipient of unusually large options trading on Friday. Stock traders bought 5,050 call options on the stock. This is an increase of 2,293% compared to the typical volume of 211 call options.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CWK shares. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Raymond James upped their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.42.

Insider Transactions at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $188,078,011.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.01% of the company’s stock.

Institutional Trading of Cushman & Wakefield

Institutional investors and hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its position in Cushman & Wakefield by 580.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after purchasing an additional 4,701,460 shares during the period. Victory Capital Management Inc. raised its stake in shares of Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after buying an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after buying an additional 1,910,212 shares during the period. Norges Bank purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth about $18,742,000. Finally, Granite Investment Partners LLC purchased a new position in Cushman & Wakefield during the second quarter valued at approximately $13,998,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

NYSE CWK opened at $12.79 on Friday. The stock’s fifty day moving average price is $11.63 and its 200 day moving average price is $10.72. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $13.78. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 319.75 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. As a group, equities research analysts forecast that Cushman & Wakefield will post 0.91 earnings per share for the current year.

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.