Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 2,377.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 418,166 shares of the company’s stock after purchasing an additional 401,289 shares during the quarter. Trexquant Investment LP’s holdings in Cushman & Wakefield were worth $5,470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of Cushman & Wakefield by 45.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 97,942 shares of the company’s stock worth $1,335,000 after acquiring an additional 30,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cushman & Wakefield by 11.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,471 shares of the company’s stock valued at $703,000 after purchasing an additional 5,141 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Cushman & Wakefield in the third quarter valued at $150,000. Systematic Financial Management LP purchased a new position in shares of Cushman & Wakefield in the third quarter valued at $1,284,000. Finally, State Street Corp raised its stake in shares of Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after buying an additional 756,966 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 4.8 %

Shares of CWK opened at $8.99 on Friday. The stock has a fifty day moving average of $11.80 and a two-hundred day moving average of $13.01. Cushman & Wakefield plc has a fifty-two week low of $8.48 and a fifty-two week high of $16.11. The company has a market capitalization of $2.06 billion, a PE ratio of 16.34 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CWK shares. 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. JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.10.

Cushman & Wakefield Company 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.