Cushman & Wakefield PLC $CWK Stock: Eurizon Capital SGR S.p.A. Raises Position

Eurizon Capital SGR S.p.A. increased its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 18.4% during the 3rd quarter, Holdings Channel reports. The fund owned 8,003,931 shares of the company’s stock after purchasing an additional 1,242,632 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Cushman & Wakefield were worth $94,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Cushman & Wakefield by 21.7% during the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after acquiring an additional 795 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Cushman & Wakefield by 18.4% in the third quarter. Farther Finance Advisors LLC now owns 7,629 shares of the company’s stock valued at $90,000 after acquiring an additional 1,188 shares during the period. GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 33.9% in the third quarter. GAMMA Investing LLC now owns 8,606 shares of the company’s stock valued at $102,000 after acquiring an additional 2,177 shares during the period. AlphaCore Capital LLC lifted its stake in shares of Cushman & Wakefield by 12.7% in the 3rd quarter. AlphaCore Capital LLC now owns 11,344 shares of the company’s stock valued at $134,000 after purchasing an additional 1,275 shares during the period. Finally, Integrity Alliance LLC. acquired a new position in shares of Cushman & Wakefield in the 3rd quarter valued at $148,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Down 2.1%

Shares of CWK stock opened at $13.49 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 9.77 and a beta of 1.53. The stock has a 50 day simple moving average of $12.55 and a 200-day simple moving average of $13.29. Cushman & Wakefield PLC has a 1-year low of $10.88 and a 1-year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Cushman & Wakefield had a return on equity of 16.60% and a net margin of 0.63%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Cushman & Wakefield PLC will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CWK shares. Jefferies Financial Group reissued a “hold” rating on shares of Cushman & Wakefield in a report on Thursday. UBS Group cut their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Barclays upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Zacks Research lowered shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Finally, The Goldman Sachs Group increased their target price on shares of Cushman & Wakefield from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and an average price target of $16.86.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider directly owned 58,376 shares in the company, valued at approximately $781,654.64. This represents a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Cushman & Wakefield Profile

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.