Cushman & Wakefield Target of Unusually High Options Trading (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the target of unusually large options trading activity on Tuesday. Investors bought 7,796 call options on the stock. This represents an increase of approximately 4,231% compared to the average daily volume of 180 call options.

Insider Buying and Selling

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield 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 directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $75,338,451.96. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Cushman & Wakefield during the fourth quarter worth about $50,000. AXQ Capital LP bought a new position in shares of Cushman & Wakefield during the third quarter worth approximately $79,000. Tower Research Capital LLC TRC raised its position in shares of Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after buying an additional 5,694 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the period. Finally, Pale Fire Capital SE bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $108,000. Institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.08.

Cushman & Wakefield Trading Up 0.8 %

CWK stock opened at $10.20 on Wednesday. Cushman & Wakefield has a one year low of $6.24 and a one year high of $11.76. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 255.00 and a beta of 1.33. The company has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.59. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company posted $0.46 EPS. Cushman & Wakefield’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Cushman & Wakefield will post 0.98 EPS for the current year.

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.