Cushman & Wakefield (NYSE:CWK) Sees Strong Trading Volume – Here’s What Happened

Shares of Cushman & Wakefield PLC (NYSE:CWK) saw strong trading volume on Thursday . 5,820,851 shares traded hands during trading, an increase of 226% from the previous session’s volume of 1,783,278 shares.The stock last traded at $12.0220 and had previously closed at $13.97.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CWK shares. Zacks Research downgraded shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wolfe Research upgraded shares of 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. JMP Securities set a $19.00 price target on Cushman & Wakefield in a research note on Monday, November 3rd. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 20th. Finally, Citizens Jmp lifted their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield currently has a consensus rating of “Moderate Buy” and an average target price of $18.61.

Cushman & Wakefield Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 12.79 and a beta of 1.47. The company’s 50-day moving average is $16.16 and its 200-day moving average is $15.72.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Cushman & Wakefield by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after acquiring an additional 600 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Cushman & Wakefield by 12.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock valued at $99,000 after purchasing an additional 667 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Cushman & Wakefield by 1.2% in the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after purchasing an additional 821 shares during the last quarter. Cerity Partners LLC increased its position in shares of Cushman & Wakefield by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock worth $204,000 after purchasing an additional 865 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.