Cushman & Wakefield Sees Unusually High Options Volume (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) saw unusually large options trading on Thursday. Traders bought 15,177 call options on the company. This represents an increase of 4,599% compared to the average volume of 323 call options.

Cushman & Wakefield Price Performance

NYSE CWK opened at $13.54 on Friday. The company has a market cap of $3.10 billion, a PE ratio of 338.50 and a beta of 1.30. The firm’s 50 day moving average price is $13.03 and its 200-day moving average price is $11.69. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. Cushman & Wakefield has a 52-week low of $6.24 and a 52-week high of $13.99.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Sell-side analysts forecast that Cushman & Wakefield will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Cushman & Wakefield by 4.0% during the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after purchasing an additional 1,110,076 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Cushman & Wakefield by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after buying an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cushman & Wakefield by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after buying an additional 1,910,212 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 12.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock valued at $64,571,000 after acquiring an additional 697,890 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after acquiring an additional 695,005 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Raymond James raised their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.80.

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.