Cwm LLC Purchases 3,699 Shares of Cushman & Wakefield plc (NYSE:CWK)

Cwm LLC grew its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 67.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,167 shares of the company’s stock after purchasing an additional 3,699 shares during the quarter. Cwm LLC’s holdings in Cushman & Wakefield were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew 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 buying an additional 1,629 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Cushman & Wakefield by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $334,000 after acquiring an additional 1,500 shares during the last quarter. Brightwater Advisory LLC bought a new stake in shares of Cushman & Wakefield during the 2nd quarter valued at $130,000. Truist Financial Corp purchased a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $221,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $301,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 1.1 %

CWK opened at $13.41 on Friday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 335.13 and a beta of 1.30. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s fifty day moving average is $13.04 and its 200 day moving average is $11.71. Cushman & Wakefield plc has a fifty-two week low of $6.50 and a fifty-two week high of $13.99.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts forecast that Cushman & Wakefield plc will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.80.

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.