Texas Permanent School Fund Corp Has $1.17 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Texas Permanent School Fund Corp cut its position in Cushman & Wakefield plc (NYSE:CWK) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,502 shares of the company’s stock after selling 1,886 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Cushman & Wakefield were worth $1,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors Inc. raised its position in shares of Cushman & Wakefield by 4.2% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 23,221 shares of the company’s stock valued at $289,000 after buying an additional 937 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cushman & Wakefield by 2.7% in the 1st quarter. Arizona State Retirement System now owns 42,519 shares of the company’s stock valued at $448,000 after buying an additional 1,127 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Cushman & Wakefield by 108.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,500 shares of the company’s stock valued at $26,000 after buying an additional 1,300 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Cushman & Wakefield by 11.4% in the 1st quarter. Guggenheim Capital LLC now owns 17,500 shares of the company’s stock valued at $184,000 after buying an additional 1,790 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Cushman & Wakefield by 2.4% during the 2nd quarter. American International Group Inc. now owns 89,083 shares of the company’s stock valued at $729,000 after purchasing an additional 2,060 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 10,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $7.63, for a total transaction of $76,300,000.00. Following the sale, the insider now directly owns 24,832,955 shares of the company’s stock, valued at approximately $189,475,446.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.19% of the company’s stock.

Cushman & Wakefield Trading Up 1.1 %

CWK opened at $8.58 on Friday. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $15.63. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -25.23 and a beta of 1.41. The company’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $8.41.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, October 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Cushman & Wakefield had a negative net margin of 0.79% and a positive return on equity of 12.01%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts predict that Cushman & Wakefield plc will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CWK. Citigroup reaffirmed a “neutral” rating and set a $10.50 price target on shares of Cushman & Wakefield in a report on Monday, September 18th. Raymond James decreased their price target on shares of Cushman & Wakefield from $12.00 to $11.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield presently has an average rating of “Hold” and a consensus target price of $10.30.

About Cushman & Wakefield

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.