Public Sector Pension Investment Board Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Public Sector Pension Investment Board raised its holdings in Cushman & Wakefield plc (NYSE:CWK) by 25.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 433,374 shares of the company’s stock after purchasing an additional 88,682 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cushman & Wakefield were worth $4,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the second quarter worth about $105,000. Sei Investments Co. boosted its position in Cushman & Wakefield by 2.5% in the 2nd quarter. Sei Investments Co. now owns 675,141 shares of the company’s stock worth $7,021,000 after purchasing an additional 16,512 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in Cushman & Wakefield in the 2nd quarter worth approximately $13,998,000. XTX Topco Ltd grew its stake in shares of Cushman & Wakefield by 52.6% during the 2nd quarter. XTX Topco Ltd now owns 18,946 shares of the company’s stock worth $197,000 after purchasing an additional 6,531 shares during the period. Finally, Seven Eight Capital LP purchased a new position in shares of Cushman & Wakefield during the 2nd quarter valued at approximately $286,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on CWK shares. 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 report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.80.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $13.81 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a fifty day moving average of $12.90 and a 200 day moving average of $11.29. The firm has a market cap of $3.17 billion, a PE ratio of 345.25 and a beta of 1.31. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $13.99.

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