Peregrine Capital Management LLC Takes Position in Cushman & Wakefield PLC (CWK)

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Peregrine Capital Management LLC bought a new position in Cushman & Wakefield PLC (NYSE:CWK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 405,140 shares of the company’s stock, valued at approximately $5,862,000. Peregrine Capital Management LLC owned 0.19% of Cushman & Wakefield as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CWK. JPMorgan Chase & Co. purchased a new position in Cushman & Wakefield during the 3rd quarter valued at $166,972,000. FMR LLC purchased a new position in Cushman & Wakefield during the 3rd quarter valued at $129,496,000. Vanguard Group Inc purchased a new position in Cushman & Wakefield during the 3rd quarter valued at $59,054,000. Vanguard Group Inc. purchased a new position in Cushman & Wakefield during the 3rd quarter valued at $59,054,000. Finally, BlackRock Inc. purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter worth $50,654,000. Institutional investors own 26.19% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Cushman & Wakefield from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a report on Monday, January 14th. Barclays reiterated a “buy” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

CWK opened at $16.77 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.88. Cushman & Wakefield PLC has a 12 month low of $13.25 and a 12 month high of $19.45.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, November 13th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.27. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post -1.01 EPS for the current fiscal year.

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Cushman & Wakefield Profile

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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