Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 354,100 shares of the company’s stock after acquiring an additional 6,500 shares during the quarter. Swiss National Bank’s holdings in Cushman & Wakefield were worth $4,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in Cushman & Wakefield by 922.9% in the third quarter. Ellevest Inc. now owns 2,148 shares of the company’s stock valued at $25,000 after buying an additional 1,938 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Cushman & Wakefield by 3,128.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock valued at $46,000 after buying an additional 2,221 shares in the last quarter. FourThought Financial LLC increased its holdings in Cushman & Wakefield by 58.0% in the third quarter. FourThought Financial LLC now owns 4,096 shares of the company’s stock valued at $47,000 after buying an additional 1,503 shares in the last quarter. Captrust Financial Advisors increased its holdings in Cushman & Wakefield by 353.6% in the second quarter. Captrust Financial Advisors now owns 7,094 shares of the company’s stock valued at $108,000 after buying an additional 5,530 shares in the last quarter. Finally, CFO4Life L.P. purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $128,000. Institutional investors and hedge funds own 83.23% of the company’s stock.

Cushman & Wakefield Stock Down 3.1 %

Shares of CWK opened at $7.86 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of 23.82 and a beta of 1.33. The company’s fifty day moving average is $9.41 and its two-hundred day moving average is $11.53. Cushman & Wakefield plc has a fifty-two week low of $7.16 and a fifty-two week high of $19.15. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.04.

Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.10 billion. Cushman & Wakefield had a net margin of 0.74% and a return on equity of 20.99%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. Analysts forecast that Cushman & Wakefield plc will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wolfe Research cut shares of Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. TheStreet cut shares of Cushman & Wakefield from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Credit Suisse Group dropped their price objective on shares of Cushman & Wakefield from $15.00 to $9.00 in a research note on Friday. The Goldman Sachs Group lowered shares of Cushman & Wakefield from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.50 to $11.00 in a research report on Monday, April 10th. Finally, UBS Group lowered shares of Cushman & Wakefield from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $10.00 in a research report on Monday, April 17th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

Cushman & Wakefield Company Profile

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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.