Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in Cushman & Wakefield plc (NYSE:CWK) by 11.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,230 shares of the company’s stock after purchasing an additional 1,180 shares during the period. Empowered Funds LLC’s holdings in Cushman & Wakefield were worth $153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares during the last quarter. CWM LLC lifted its stake in shares of Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after purchasing an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after purchasing an additional 1,629 shares during the period. Profund Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth about $105,000. Finally, KBC Group NV raised its holdings in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $15.23 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $3.50 billion, a PE ratio of 41.03 and a beta of 1.30. The stock has a fifty day moving average price of $13.58 and a 200 day moving average price of $12.38. Cushman & Wakefield plc has a 1-year low of $8.09 and a 1-year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Sell-side analysts forecast that Cushman & Wakefield plc will post 0.86 EPS for the current year.

Cushman & Wakefield Profile

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.