Tudor Investment Corp ET AL Takes Position in Cushman & Wakefield PLC $CWK

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the last quarter. First Horizon Corp purchased a new position in Cushman & Wakefield during the third quarter valued at $32,000. Quarry LP lifted its holdings in Cushman & Wakefield by 4,473.5% during the third quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 2,192 shares in the last quarter. Community Bank N.A. bought a new position in shares of Cushman & Wakefield in the third quarter worth about $45,000. Finally, Osaic Holdings Inc. boosted its position in shares of Cushman & Wakefield by 85.9% during the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after acquiring an additional 2,012 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $12.06 on Friday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 31.73 and a beta of 1.49. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $17.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34. The company’s 50 day moving average is $14.05 and its 200 day moving average is $15.35.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, February 19th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.83 billion. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.Cushman & Wakefield’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CWK. Morgan Stanley reiterated an “overweight” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th. Barclays lowered 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. Wall Street Zen lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research report on Wednesday, January 21st. Finally, Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.