Cushman & Wakefield plc (NYSE:CWK) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 45.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,186 shares of the company’s stock after buying an additional 1,629 shares during the quarter. GAMMA Investing LLC’s holdings in Cushman & Wakefield were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its stake in Cushman & Wakefield by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock worth $831,000 after purchasing an additional 1,395 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $334,000 after purchasing an additional 1,500 shares during the period. CWM LLC lifted its position in shares of Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 33,539 shares of the company’s stock valued at $351,000 after buying an additional 2,303 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in shares of Cushman & Wakefield by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 98,800 shares of the company’s stock valued at $1,033,000 after buying an additional 2,418 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 2.5 %

CWK stock opened at $12.81 on Wednesday. The stock has a market cap of $2.93 billion, a PE ratio of 320.13 and a beta of 1.30. The firm’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $11.56. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $13.99. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company 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%. Cushman & Wakefield’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 0.87 EPS for the current year.

Analyst Ratings Changes

CWK has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Raymond James increased their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.80.

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.