Cushman & Wakefield PLC $CWK Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 173.3% in the 1st quarter, Holdings Channel reports. The firm owned 184,497 shares of the company’s stock after acquiring an additional 116,997 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cushman & Wakefield were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,321 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield during the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd increased its position in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after buying an additional 1,318 shares during the period. Quarry LP increased its position in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 2,192 shares during the period. Finally, Covestor Ltd lifted its stake in Cushman & Wakefield by 4,217.7% in the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWK. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Barclays reduced their target price on shares of 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. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at $939,107. This represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is owned by insiders.

Cushman & Wakefield Stock Down 2.6%

CWK opened at $13.45 on Thursday. The stock’s 50 day moving average price is $13.31 and its 200 day moving average price is $14.04. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $3.15 billion, a P/E ratio of 42.02 and a beta of 1.44. Cushman & Wakefield PLC has a 12 month low of $10.94 and a 12 month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Cushman & Wakefield PLC will post 1.45 earnings per share for the current year.

Cushman & Wakefield 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.