Lighthouse Investment Partners LLC Takes $5.20 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Lighthouse Investment Partners LLC bought a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,200,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Cushman & Wakefield by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after acquiring an additional 1,110,076 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Cushman & Wakefield by 31.2% in the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after acquiring an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after acquiring an additional 1,910,212 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Cushman & Wakefield by 12.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock worth $64,571,000 after purchasing an additional 697,890 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock worth $46,032,000 after purchasing an additional 695,005 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CWK has been the subject of several recent research reports. Raymond James lifted their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $13.65 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day moving average price is $12.93 and its 200-day moving average price is $11.31. The firm has a market capitalization of $3.13 billion, a PE ratio of 341.25 and a beta of 1.31. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $13.99.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. As a group, equities research analysts expect that Cushman & Wakefield plc will post 0.87 earnings per share for the current fiscal year.

About Cushman & Wakefield

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.