Nicholas Investment Partners LP Takes $4.63 Million Position in Cushman & Wakefield PLC $CWK

Nicholas Investment Partners LP bought a new stake in Cushman & Wakefield PLC (NYSE:CWKFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 286,254 shares of the company’s stock, valued at approximately $4,634,000.

Several other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Cushman & Wakefield by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,850,956 shares of the company’s stock valued at $208,062,000 after acquiring an additional 109,963 shares during the last quarter. State Street Corp boosted its holdings in Cushman & Wakefield by 2.2% in the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after acquiring an additional 197,430 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after acquiring an additional 29,832 shares during the last quarter. Channing Capital Management LLC boosted its holdings in Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after acquiring an additional 1,609,190 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after acquiring an additional 1,620,143 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the sale, the insider directly owned 70,876 shares in the company, valued at $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $13.50 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 42.19 and a beta of 1.44. The firm’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $14.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a fifty-two week low of $10.14 and a fifty-two week high of $17.40.

Cushman & Wakefield (NYSE:CWKGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. Cushman & Wakefield’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

CWK has been the topic of several recent research reports. Weiss Ratings cut Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Barclays decreased their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.00.

Read Our Latest Stock Analysis on CWK

Cushman & Wakefield Company Profile

(Free Report)

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.

See Also

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

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