Investors Purchase High Volume of Cushman & Wakefield Call Options (NYSE:CWK)

Cushman & Wakefield PLC (NYSE:CWK) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 2,198 call options on the company. This is an increase of approximately 733% compared to the average volume of 264 call options.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of recent research reports. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. 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 report on Monday, February 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cushman & Wakefield in a report on Friday, May 22nd. Barclays cut their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Finally, Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider owned 95,704 shares of the company’s stock, valued at $1,293,918.08. This trade represents a 9.46% decrease in their ownership of the stock. 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.

Hedge Funds Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Cushman & Wakefield by 13.2% during the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after buying an additional 247,475 shares during the period. Janus Henderson Group PLC boosted its position in shares of Cushman & Wakefield by 9.3% during the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after buying an additional 152,647 shares during the period. Amundi boosted its position in shares of Cushman & Wakefield by 46.4% during the first quarter. Amundi now owns 57,207 shares of the company’s stock worth $701,000 after buying an additional 18,132 shares during the period. California State Teachers Retirement System boosted its position in shares of Cushman & Wakefield by 23.6% during the first quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock worth $3,321,000 after buying an additional 51,665 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Cushman & Wakefield by 104.2% during the first quarter. Royal Bank of Canada now owns 41,345 shares of the company’s stock worth $507,000 after buying an additional 21,094 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK traded down $0.50 during midday trading on Wednesday, hitting $12.63. 1,392,917 shares of the company’s stock were exchanged, compared to its average volume of 1,929,746. 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’s 50 day moving average price is $13.22 and its 200-day moving average price is $14.49. The firm has a market cap of $2.96 billion, a P/E ratio of 39.49 and a beta of 1.44. Cushman & Wakefield has a twelve month low of $10.01 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that Cushman & Wakefield will post 1.43 EPS for the current year.

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.