Cushman & Wakefield plc (NYSE:CWK) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 840.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,106 shares of the company’s stock after purchasing an additional 49,244 shares during the period. GAMMA Investing LLC’s holdings in Cushman & Wakefield were worth $5,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at $7,496,000. New York State Teachers Retirement System lifted its stake in Cushman & Wakefield by 3.7% during the fourth quarter. New York State Teachers Retirement System now owns 119,198 shares of the company’s stock worth $1,559,000 after purchasing an additional 4,267 shares during the period. Rhumbline Advisers lifted its stake in Cushman & Wakefield by 0.3% during the fourth quarter. Rhumbline Advisers now owns 714,630 shares of the company’s stock worth $9,347,000 after purchasing an additional 1,958 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Cushman & Wakefield by 1.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock worth $1,974,000 after purchasing an additional 1,769 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock worth $16,952,000 after buying an additional 1,105,355 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CWK. The Goldman Sachs Group lowered their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. UBS Group reduced their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Citigroup lowered their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Morgan Stanley cut their price objective on shares of Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus target price of $12.93.

Cushman & Wakefield Stock Up 1.0%

CWK opened at $10.35 on Tuesday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 18.82 and a beta of 1.43. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company’s 50-day moving average is $9.43 and its 200 day moving average is $11.63.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. The company’s revenue was up 4.6% compared to the same quarter last year. Research analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.