Steward Partners Investment Advisory LLC grew its holdings in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 46.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,674 shares of the company’s stock after purchasing an additional 1,790 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Cushman & Wakefield were worth $116,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in Cushman & Wakefield by 35.9% during the fourth quarter. Victory Capital Management Inc. now owns 4,996,075 shares of the company’s stock valued at $111,113,000 after acquiring an additional 1,319,515 shares in the last quarter. Lakewood Capital Management LP grew its stake in Cushman & Wakefield by 32.9% during the fourth quarter. Lakewood Capital Management LP now owns 4,857,028 shares of the company’s stock valued at $108,020,000 after acquiring an additional 1,203,182 shares in the last quarter. Renaissance Technologies LLC grew its stake in Cushman & Wakefield by 7,198.5% during the fourth quarter. Renaissance Technologies LLC now owns 963,400 shares of the company’s stock valued at $21,426,000 after acquiring an additional 950,200 shares in the last quarter. Royce & Associates LP purchased a new position in Cushman & Wakefield during the fourth quarter valued at approximately $18,318,000. Finally, Millennium Management LLC grew its stake in Cushman & Wakefield by 40.7% during the fourth quarter. Millennium Management LLC now owns 2,349,447 shares of the company’s stock valued at $52,252,000 after acquiring an additional 680,126 shares in the last quarter. Institutional investors own 82.33% of the company’s stock.
Insider Transactions at Cushman & Wakefield
In other Cushman & Wakefield news, insider Michelle Mackay acquired 3,500 shares of the stock in a transaction dated Monday, June 13th. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $51,240.00. Following the acquisition, the insider now owns 50,760 shares in the company, valued at approximately $743,126.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Drone Holding Gp I. Ltd Pagac sold 2,156,391 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $18.39, for a total transaction of $39,656,030.49. Following the completion of the sale, the insider now directly owns 25,717,475 shares in the company, valued at approximately $472,944,365.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Mackay purchased 3,500 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average price of $14.64 per share, with a total value of $51,240.00. Following the completion of the acquisition, the insider now directly owns 50,760 shares in the company, valued at $743,126.40. The disclosure for this purchase can be found here. Company insiders own 1.27% of the company’s stock.
Cushman & Wakefield Trading Down 3.6 %
Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.28. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.15 billion. Cushman & Wakefield had a net margin of 3.19% and a return on equity of 27.90%. The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 2.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on CWK shares. Raymond James reduced their price objective on shares of Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 26th. Morgan Stanley cut their price target on shares of Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research note on Tuesday, April 5th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Citigroup cut their price target on shares of Cushman & Wakefield from $23.00 to $21.00 in a research note on Thursday, April 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $24.50.
Cushman & Wakefield Company Profile
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.
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