Proficio Capital Partners LLC Takes Position in Cushman & Wakefield plc (NYSE:CWK)

Proficio Capital Partners LLC purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,316 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds also recently made changes to their positions in CWK. Empowered Funds LLC grew its position in Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after purchasing an additional 1,180 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Cushman & Wakefield by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock valued at $470,000 after acquiring an additional 2,102 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cushman & Wakefield by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the last quarter. Citigroup Inc. increased its position in shares of Cushman & Wakefield by 92.6% in the third quarter. Citigroup Inc. now owns 310,383 shares of the company’s stock valued at $4,231,000 after acquiring an additional 149,213 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Cushman & Wakefield by 549.6% during the third quarter. Quantbot Technologies LP now owns 30,701 shares of the company’s stock worth $418,000 after acquiring an additional 25,975 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CWK has been the topic of several recent analyst reports. Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.10.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $10.66 on Wednesday. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a market capitalization of $2.45 billion, a P/E ratio of 19.38 and a beta of 1.40. The stock has a 50 day moving average of $12.32 and a 200-day moving average of $13.17. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities research analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current year.

About Cushman & Wakefield

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.