Brightwater Advisory LLC Takes $130,000 Position in Cushman & Wakefield plc (NYSE:CWK)

Brightwater Advisory LLC purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP grew its position in Cushman & Wakefield by 1,562.1% during the fourth quarter. Seven Eight Capital LP now owns 189,292 shares of the company’s stock worth $2,044,000 after buying an additional 177,903 shares in the last quarter. Pale Fire Capital SE acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $108,000. HGI Capital Management LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $2,585,000. Vanguard Group Inc. grew its position in Cushman & Wakefield by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after buying an additional 1,098,245 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Cushman & Wakefield during the first quarter worth about $240,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CWK. Raymond James raised their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.80.

Cushman & Wakefield Trading Down 1.6 %

CWK opened at $13.42 on Wednesday. Cushman & Wakefield plc has a 1-year low of $6.24 and a 1-year high of $13.99. The firm has a 50-day moving average price of $12.95 and a two-hundred day moving average price of $11.36. The stock has a market capitalization of $3.07 billion, a PE ratio of 335.38 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.83.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.87 earnings per share for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.