Sugarloaf Wealth Management LLC bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK – Get Rating) during the second quarter, HoldingsChannel reports. The fund bought 4,744 shares of the company's stock, valued at approximately $78,000.
Other hedge funds have also modified their holdings of the company. Koshinski Asset Management Inc. purchased a new position in shares of Cushman & Wakefield during the first quarter worth approximately $35,000. Selective Wealth Management Inc. acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $41,000. Advisor Group Holdings Inc. lifted its holdings in shares of Cushman & Wakefield by 3,128.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company's stock worth $46,000 after purchasing an additional 2,221 shares during the period. FourThought Financial LLC lifted its holdings in shares of Cushman & Wakefield by 112.9% during the first quarter. FourThought Financial LLC now owns 2,593 shares of the company's stock worth $53,000 after purchasing an additional 1,375 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Cushman & Wakefield during the first quarter worth $88,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analyst Weigh In
Separately, Morgan Stanley decreased their price target on Cushman & Wakefield from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th.
Cushman & Wakefield Trading Up 0.4 %
NYSE:CWK opened at $14.12 on Monday. The company has a market capitalization of $3.19 billion, a PE ratio of 8.96 and a beta of 1.41. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.02. Cushman & Wakefield plc has a 52-week low of $13.90 and a 52-week high of $23.54. The stock has a fifty day simple moving average of $15.61 and a 200-day simple moving average of $17.16.
Cushman & Wakefield (NYSE:CWK – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.10. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.31 billion. Cushman & Wakefield had a return on equity of 32.10% and a net margin of 3.52%. The business's revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities research analysts expect that Cushman & Wakefield plc will post 2.43 earnings per share for the current fiscal year.
About Cushman & Wakefield
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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.
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