Readystate Asset Management LP Raises Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Readystate Asset Management LP boosted its stake in Cushman & Wakefield plc (NYSE:CWK) by 194.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 194,391 shares of the company’s stock after buying an additional 128,380 shares during the period. Readystate Asset Management LP owned approximately 0.09% of Cushman & Wakefield worth $2,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWK. Vanguard Group Inc. grew its position in Cushman & Wakefield by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock valued at $202,540,000 after acquiring an additional 665,070 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Cushman & Wakefield during the fourth quarter worth approximately $8,742,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Cushman & Wakefield by 42.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,492 shares of the company’s stock worth $1,596,000 after buying an additional 62,624 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cushman & Wakefield during the third quarter worth approximately $1,820,000. Finally, Rush Island Management LP increased its stake in shares of Cushman & Wakefield by 4.3% during the third quarter. Rush Island Management LP now owns 3,583,597 shares of the company’s stock worth $27,307,000 after buying an additional 146,820 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Down 1.5 %

Cushman & Wakefield stock traded down $0.14 during mid-day trading on Wednesday, hitting $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 market cap of $2.11 billion, a price-to-earnings ratio of -54.50 and a beta of 1.34. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $11.76. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85. The business has a fifty day moving average of $10.13 and a 200 day moving average of $9.34.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, sell-side analysts expect that Cushman & Wakefield plc will post 0.99 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, April 3rd. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and an average price target of $11.08.

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.