Amalgamated Bank Grows Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Amalgamated Bank raised its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,465 shares of the company’s stock after acquiring an additional 6,273 shares during the quarter. Amalgamated Bank’s holdings in Cushman & Wakefield were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after purchasing an additional 2,027 shares in the last quarter. CWM LLC increased its position in Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after acquiring an additional 1,629 shares during the last quarter. Profund Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the second quarter valued at $105,000. Finally, nVerses Capital LLC acquired a new stake in shares of Cushman & Wakefield during the second quarter valued at $116,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 2.2 %

Shares of NYSE:CWK opened at $14.12 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average is $13.35 and its two-hundred day moving average is $12.13. Cushman & Wakefield plc has a 1-year low of $8.09 and a 1-year high of $16.11. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 38.16 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. Cushman & Wakefield’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Cushman & Wakefield plc will post 0.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Raymond James upped their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.80.

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.