SG Americas Securities LLC Purchases 17,849 Shares of Cushman & Wakefield plc (NYSE:CWK)

SG Americas Securities LLC raised its position in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 28.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,497 shares of the company’s stock after acquiring an additional 17,849 shares during the period. SG Americas Securities LLC’s holdings in Cushman & Wakefield were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $32,000. Advisor Group Holdings Inc. raised its holdings in shares of Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after buying an additional 2,221 shares during the last quarter. Islay Capital Management LLC acquired a new stake in shares of Cushman & Wakefield during the second quarter worth $90,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Cushman & Wakefield by 55.0% during the second quarter. Counterpoint Mutual Funds LLC now owns 6,675 shares of the company’s stock valued at $102,000 after buying an additional 2,368 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Cushman & Wakefield by 353.6% during the second quarter. Captrust Financial Advisors now owns 7,094 shares of the company’s stock valued at $108,000 after buying an additional 5,530 shares during the last quarter. 83.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CWK. The Goldman Sachs Group reduced their target price on Cushman & Wakefield from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Credit Suisse Group cut Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a research note on Monday, January 9th. Finally, Raymond James dropped their target price on Cushman & Wakefield from $31.00 to $30.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Buy” and a consensus price target of $22.20.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $13.75 on Friday. Cushman & Wakefield plc has a fifty-two week low of $10.04 and a fifty-two week high of $23.54. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.96 and a beta of 1.33. The stock has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $13.33.

Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.14). Cushman & Wakefield had a net margin of 3.02% and a return on equity of 32.26%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. On average, equities analysts forecast that Cushman & Wakefield plc will post 2.04 earnings per share for the current year.

Cushman & Wakefield Company Profile

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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.