Proficio Capital Partners LLC Purchases Shares of 24,316 Cushman & Wakefield plc (NYSE:CWK)

Proficio Capital Partners LLC acquired a new position in shares of Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,316 shares of the company’s stock, valued at approximately $318,000.

Several other institutional investors have also recently modified their holdings of CWK. Vaughan Nelson Investment Management L.P. raised its stake in Cushman & Wakefield by 83.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after purchasing an additional 5,171,340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after buying an additional 1,745,986 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after buying an additional 1,105,355 shares during the period. Basswood Capital Management L.L.C. boosted its position in Cushman & Wakefield by 129.2% during the third quarter. Basswood Capital Management L.L.C. now owns 1,654,768 shares of the company’s stock worth $22,554,000 after acquiring an additional 932,649 shares during the last quarter. Finally, State Street Corp grew its stake in Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 0.5 %

Shares of CWK opened at $11.16 on Wednesday. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month high of $16.11. The firm has a market capitalization of $2.56 billion, a P/E ratio of 20.29 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock’s fifty day simple moving average is $12.67 and its 200 day simple moving average is $13.33.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

CWK has been the topic of several analyst reports. The Goldman Sachs Group decreased their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.