Cushman & Wakefield plc (NYSE:CWK) Stock Position Boosted by Readystate Asset Management LP

Readystate Asset Management LP grew its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 194.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 194,391 shares of the company’s stock after purchasing an additional 128,380 shares during the period. Readystate Asset Management LP’s holdings in Cushman & Wakefield were worth $2,099,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. FIL Ltd bought a new position in shares of Cushman & Wakefield during the 4th quarter valued at about $2,700,000. Price T Rowe Associates Inc. MD boosted its position in shares of Cushman & Wakefield by 50.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 83,922 shares of the company’s stock valued at $907,000 after purchasing an additional 28,104 shares in the last quarter. Barclays PLC boosted its holdings in shares of Cushman & Wakefield by 185.5% in the fourth quarter. Barclays PLC now owns 298,883 shares of the company’s stock worth $3,229,000 after buying an additional 194,186 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Cushman & Wakefield by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after buying an additional 1,098,245 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Cushman & Wakefield by 1,364.2% in the fourth quarter. Voloridge Investment Management LLC now owns 575,120 shares of the company’s stock worth $6,211,000 after buying an additional 535,841 shares during the period. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CWK shares. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Stock Down 1.5 %

Shares of NYSE CWK traded down $0.14 during mid-day trading on Wednesday, reaching $9.27. The company had a trading volume of 1,809,875 shares, compared to its average volume of 2,098,255. The stock has a fifty day moving average of $10.13 and a two-hundred day moving average of $9.34. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -54.50 and a beta of 1.34. Cushman & Wakefield plc has a 12-month low of $6.24 and a 12-month high of $11.76.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Cushman & Wakefield plc will post 0.99 EPS for the current year.

Insider Activity

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now owns 40,427 shares in the company, valued at $403,865.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

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.