Summit Trail Advisors LLC Purchases Shares of 10,089 Cushman & Wakefield plc (NYSE:CWK)

Summit Trail Advisors LLC acquired a new position in Cushman & Wakefield plc (NYSE:CWK) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,089 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds have also recently made changes to their positions in CWK. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cushman & Wakefield by 45.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,583 shares of the company’s stock worth $245,000 after purchasing an additional 10,164 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 during the period. Olympiad Research LP grew its position in Cushman & Wakefield by 13.2% in the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock valued at $152,000 after acquiring an additional 2,332 shares in the last quarter. Principal Financial Group Inc. grew its position in Cushman & Wakefield by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,032,188 shares of the company’s stock valued at $7,865,000 after acquiring an additional 21,178 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in Cushman & Wakefield during the third quarter worth about $743,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 2.5 %

Shares of CWK opened at $10.43 on Friday. The firm’s 50-day moving average is $9.93 and its two-hundred day moving average is $9.60. Cushman & Wakefield plc has a twelve month low of $6.24 and a twelve month high of $11.76. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $2.39 billion, a P/E ratio of 260.75 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business posted $0.46 EPS. Cushman & Wakefield’s quarterly revenue was down 3.6% on a year-over-year basis. On average, research analysts predict that Cushman & Wakefield plc will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Jefferies Financial Group initiated coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target for the company. Finally, Raymond James downgraded Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and an average price target of $11.08.

Insider Buying and Selling

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

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.