Cushman & Wakefield Target of Unusually Large Options Trading (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) saw some unusual options trading activity on Thursday. Investors purchased 15,177 call options on the stock. This is an increase of 4,599% compared to the typical daily volume of 323 call options.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds have recently bought and sold shares of CWK. Blue Trust Inc. grew its holdings in Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after purchasing an additional 2,027 shares during the last quarter. CWM LLC grew its stake in Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after buying an additional 2,080 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after acquiring an additional 1,629 shares during the period. Profund Advisors LLC acquired a new position in Cushman & Wakefield during the 2nd quarter worth $105,000. Finally, nVerses Capital LLC bought a new stake in Cushman & Wakefield during the second quarter valued at about $116,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWK has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Raymond James increased their price target 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $13.41 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. Cushman & Wakefield has a one year low of $6.50 and a one year high of $13.99. The business’s 50-day moving average price is $13.04 and its two-hundred day moving average price is $11.71. The company has a market capitalization of $3.07 billion, a P/E ratio of 335.13 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 net margin of 0.22% and a return on equity of 12.08%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. Analysts anticipate that Cushman & Wakefield will post 0.87 earnings per share for the current fiscal year.

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.