Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP raised its stake in Cushman & Wakefield plc (NYSE:CWK) by 2,377.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,166 shares of the company’s stock after purchasing an additional 401,289 shares during the period. Trexquant Investment LP owned 0.18% of Cushman & Wakefield worth $5,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vestcor Inc grew its holdings in shares of Cushman & Wakefield by 316.7% during the fourth quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after purchasing an additional 53,602 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $1,003,000. JPMorgan Chase & Co. grew its stake in Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock worth $179,204,000 after buying an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Cushman & Wakefield during the fourth quarter worth approximately $318,000. Finally, Channing Capital Management LLC purchased a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $61,732,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CWK. The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield Stock Down 4.8 %

CWK stock opened at $8.99 on Friday. The stock has a market capitalization of $2.06 billion, a PE ratio of 16.34 and a beta of 1.26. The company has a fifty day moving average of $11.80 and a 200-day moving average of $13.01. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a one year low of $8.48 and a one year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.