Investors Purchase Large Volume of Cushman & Wakefield Call Options (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the target of some unusual options trading on Friday. Traders bought 5,050 call options on the company. This is an increase of approximately 2,293% compared to the average volume of 211 call options.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Raymond James raised their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Hold” and a consensus target price of $12.42.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $12.79 on Friday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 319.75 and a beta of 1.33. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $13.78. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.13. The stock’s 50-day moving average is $11.63 and its 200-day moving average is $10.72.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company posted $0.22 earnings per share. Cushman & Wakefield’s revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Cushman & Wakefield will post 0.91 earnings per share for the current year.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cushman & Wakefield by 6.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,772 shares of the company’s stock valued at $808,000 after buying an additional 4,707 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter worth $167,000. Louisiana State Employees Retirement System purchased a new position in shares of Cushman & Wakefield in the fourth quarter valued at $908,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cushman & Wakefield by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,357 shares of the company’s stock valued at $393,000 after purchasing an additional 3,774 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in Cushman & Wakefield during the 4th quarter worth $109,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.