Susquehanna Fundamental Investments LLC Purchases New Shares in Cushman & Wakefield plc (NYSE:CWK)

Susquehanna Fundamental Investments 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 filing with the Securities and Exchange Commission. The institutional investor purchased 79,178 shares of the company’s stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $61,732,000. Norges Bank purchased a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $38,720,000. Raymond James Financial Inc. acquired a new stake in Cushman & Wakefield during the 4th quarter worth approximately $25,964,000. Next Century Growth Investors LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at approximately $16,580,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Cushman & Wakefield by 579.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after purchasing an additional 1,105,355 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Up 2.5 %

Shares of Cushman & Wakefield stock opened at $9.61 on Friday. The company has a 50-day moving average of $9.87 and a two-hundred day moving average of $12.34. The stock has a market cap of $2.21 billion, a PE ratio of 17.46 and a beta of 1.26. 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 plc has a 12-month low of $7.64 and a 12-month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CWK. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. UBS Group cut their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup cut their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield has an average rating of “Hold” and a consensus target price of $12.93.

Cushman & Wakefield Company Profile

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.