Picton Mahoney Asset Management Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Picton Mahoney Asset Management bought a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,426 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its position in Cushman & Wakefield by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 77,588 shares of the company’s stock valued at $838,000 after purchasing an additional 1,026 shares during the period. Barclays PLC increased its position in shares of Cushman & Wakefield by 1.9% during the third quarter. Barclays PLC now owns 104,697 shares of the company’s stock valued at $797,000 after buying an additional 1,983 shares during the period. Paralel Advisors LLC raised its stake in Cushman & Wakefield by 1.3% in the third quarter. Paralel Advisors LLC now owns 181,657 shares of the company’s stock worth $1,384,000 after buying an additional 2,268 shares in the last quarter. Olympiad Research LP lifted its holdings in Cushman & Wakefield by 13.2% in the third quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock worth $152,000 after buying an additional 2,332 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 30.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after acquiring an additional 2,737 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now owns 40,427 shares in the company, valued at $403,865.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CWK. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Stock Down 0.2 %

Cushman & Wakefield stock opened at $10.18 on Thursday. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.76. The stock has a fifty day moving average of $9.92 and a 200 day moving average of $9.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $2.33 billion, a PE ratio of 254.38 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 0.98 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.