111 Capital Takes Position in Cushman & Wakefield PLC $CWK

111 Capital bought a new position in Cushman & Wakefield PLC (NYSE:CWK) in the second quarter, HoldingsChannel.com reports. The firm bought 13,758 shares of the company’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Cushman & Wakefield by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company’s stock worth $13,367,000 after buying an additional 32,795 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Cushman & Wakefield by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company’s stock valued at $5,972,000 after purchasing an additional 11,247 shares during the period. Crossmark Global Holdings Inc. bought a new position in Cushman & Wakefield in the 1st quarter valued at about $333,000. Nuveen LLC bought a new position in Cushman & Wakefield in the 1st quarter valued at about $11,086,000. Finally, SG Americas Securities LLC bought a new position in Cushman & Wakefield in the 1st quarter valued at about $450,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Down 2.6%

CWK opened at $15.18 on Wednesday. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $17.04. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a market cap of $3.51 billion, a P/E ratio of 17.24 and a beta of 1.51. The company has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $11.97.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analyst Ratings Changes

CWK has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Saturday, September 27th. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Citizens Jmp began coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 target price on the stock. The Goldman Sachs Group upgraded shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

Insiders Place Their Bets

In related news, Director Angela Sun sold 6,800 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the transaction, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Cushman & Wakefield Profile

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.