New York State Teachers Retirement System increased its position in Cushman & Wakefield plc (NYSE:CWK – Free Report) by 11.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 114,931 shares of the company’s stock after buying an additional 11,549 shares during the quarter. New York State Teachers Retirement System’s holdings in Cushman & Wakefield were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Texas Permanent School Fund Corp increased its holdings in Cushman & Wakefield by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 147,178 shares of the company’s stock worth $1,539,000 after acquiring an additional 2,428 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Cushman & Wakefield by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 98,800 shares of the company’s stock worth $1,033,000 after purchasing an additional 2,418 shares during the period. Swiss National Bank boosted its stake in Cushman & Wakefield by 14.6% in the 1st quarter. Swiss National Bank now owns 359,000 shares of the company’s stock worth $3,755,000 after purchasing an additional 45,700 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Cushman & Wakefield in the 1st quarter worth approximately $272,000. Finally, Sei Investments Co. boosted its stake in Cushman & Wakefield by 52.8% in the 1st quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock worth $6,889,000 after purchasing an additional 227,519 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.
Cushman & Wakefield Stock Up 0.3 %
Shares of CWK opened at $14.93 on Friday. The company has a market cap of $3.42 billion, a PE ratio of 40.34 and a beta of 1.30. The business has a fifty day moving average of $13.24 and a 200 day moving average of $12.01. Cushman & Wakefield plc has a 52-week low of $7.28 and a 52-week high of $16.11. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.
Wall Street Analyst Weigh In
Several research firms have weighed in on CWK. JPMorgan Chase & Co. upped their price target 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 upped their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.80.
Read Our Latest Stock Report on Cushman & Wakefield
Cushman & Wakefield 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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