QRG Capital Management Inc. Buys Shares of 24,879 Cushman & Wakefield plc (NYSE:CWK)

QRG Capital Management Inc. bought a new stake in shares of Cushman & Wakefield plc (NYSE:CWKFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 24,879 shares of the company’s stock, valued at approximately $325,000.

Several other large investors have also recently bought and sold shares of CWK. Vaughan Nelson Investment Management L.P. increased its stake in Cushman & Wakefield by 83.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after buying an additional 5,171,340 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cushman & Wakefield by 737.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after buying an additional 1,745,986 shares during the period. New York State Common Retirement Fund increased its stake in Cushman & Wakefield by 579.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after buying an additional 1,105,355 shares during the period. Basswood Capital Management L.L.C. boosted its position in shares of Cushman & Wakefield by 129.2% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,654,768 shares of the company’s stock valued at $22,554,000 after purchasing an additional 932,649 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after purchasing an additional 756,966 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

Get Our Latest Research Report on CWK

Cushman & Wakefield Stock Performance

Shares of CWK opened at $11.41 on Friday. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The company has a 50-day moving average of $12.78 and a two-hundred day moving average of $13.36. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 20.74 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWKGet Free Report) 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. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities research analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

About Cushman & Wakefield

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield plc (NYSE:CWKFree Report).

Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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