Mirae Asset Global Investments Co. Ltd. Raises Holdings in Cushman & Wakefield plc (NYSE:CWK)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,772 shares of the company’s stock after acquiring an additional 4,707 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cushman & Wakefield were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. KG&L Capital Management LLC purchased a new stake in Cushman & Wakefield during the 4th quarter valued at about $109,000. SG Americas Securities LLC boosted its holdings in Cushman & Wakefield by 79.5% during the 4th quarter. SG Americas Securities LLC now owns 151,113 shares of the company’s stock valued at $1,632,000 after acquiring an additional 66,941 shares during the period. Everhart Financial Group Inc. purchased a new stake in Cushman & Wakefield during the 4th quarter valued at about $148,000. Vanguard Group Inc. lifted its holdings in Cushman & Wakefield by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock worth $202,540,000 after buying an additional 665,070 shares during the period. Finally, DigitalBridge Group Inc. purchased a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $7,473,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Cushman & Wakefield Stock Down 0.1 %

Shares of NYSE:CWK opened at $9.63 on Thursday. Cushman & Wakefield plc has a 52-week low of $6.24 and a 52-week high of $11.76. The firm has a market capitalization of $2.19 billion, a P/E ratio of -56.61 and a beta of 1.34. The stock has a 50 day moving average price of $10.04 and a 200-day moving average price of $9.42. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CWK. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.08.

About Cushman & Wakefield

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.