Cushman & Wakefield plc (NYSE:CWK) Position Increased by Amalgamated Bank

Amalgamated Bank increased its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 10.3% during the third quarter, Holdings Channel reports. The fund owned 67,465 shares of the company’s stock after acquiring an additional 6,273 shares during the quarter. Amalgamated Bank’s holdings in Cushman & Wakefield were worth $920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CWK. Blue Trust Inc. boosted its position 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. GAMMA Investing LLC increased its position in Cushman & Wakefield by 45.8% during the third 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. CWM LLC raised its holdings 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 acquiring an additional 2,080 shares in the last quarter. Profund Advisors LLC bought a new stake in Cushman & Wakefield in the 2nd quarter valued at $105,000. Finally, nVerses Capital LLC bought a new stake in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $116,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $14.12 on Friday. The stock has a market capitalization of $3.24 billion, a PE ratio of 38.16 and a beta of 1.30. Cushman & Wakefield plc has a 1-year low of $8.09 and a 1-year high of $16.11. The firm has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $12.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business earned $0.21 EPS. Cushman & Wakefield’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts expect that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Raymond James raised 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.80.

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.