Sei Investments Co. Has $13.95 Million Stock Position in Cushman & Wakefield PLC $CWK

Sei Investments Co. lifted its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 17.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,910 shares of the company’s stock after purchasing an additional 171,956 shares during the quarter. Sei Investments Co.’s holdings in Cushman & Wakefield were worth $13,951,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its stake in Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after buying an additional 1,620,143 shares during the period. Channing Capital Management LLC grew its stake in Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after acquiring an additional 1,609,190 shares during the period. Bamco Inc. NY acquired a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $23,982,000. Millennium Management LLC increased its holdings in shares of Cushman & Wakefield by 374.6% during the third quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock valued at $27,320,000 after acquiring an additional 1,354,476 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Cushman & Wakefield by 23.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after acquiring an additional 1,233,055 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $13.80 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $13.68. The firm has a market capitalization of $3.23 billion, a P/E ratio of 43.14 and a beta of 1.44. Cushman & Wakefield PLC has a 52 week low of $11.56 and a 52 week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Equities analysts forecast that Cushman & Wakefield PLC will post 1.45 earnings per share for the current fiscal year.

Insider Transactions at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares in the company, valued at $939,107. This represents a 25.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and an average target price of $18.00.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.