Tudor Investment Corp ET AL Buys Shares of 222,249 Cushman & Wakefield PLC $CWK

Tudor Investment Corp ET AL acquired a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 222,249 shares of the company’s stock, valued at approximately $3,538,000. Tudor Investment Corp ET AL owned about 0.10% of Cushman & Wakefield at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CWK. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the third quarter worth about $55,665,000. Balyasny Asset Management L.P. grew its stake in Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after purchasing an additional 1,620,143 shares during the period. Millennium Management LLC grew its stake in Cushman & Wakefield by 374.6% during the third quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after purchasing an additional 1,354,476 shares during the period. New York State Common Retirement Fund grew its stake in Cushman & Wakefield by 486.1% during the third quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after purchasing an additional 926,664 shares during the period. Finally, Kennedy Capital Management LLC acquired a new stake in Cushman & Wakefield during the third quarter worth approximately $7,630,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Trading Up 0.5%

Shares of Cushman & Wakefield stock opened at $13.22 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. Cushman & Wakefield PLC has a 52 week low of $7.65 and a 52 week high of $17.40. The stock has a 50 day moving average price of $13.16 and a two-hundred day moving average price of $15.05. The stock has a market capitalization of $3.10 billion, a PE ratio of 34.78 and a beta of 1.49.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays decreased their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.