Evolve Private Wealth LLC Makes New Investment in Cushman & Wakefield PLC $CWK

Evolve Private Wealth LLC bought a new stake in Cushman & Wakefield PLC (NYSE:CWK) during the 1st quarter, HoldingsChannel reports. The fund bought 39,520 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. lifted its position in Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after purchasing an additional 1,620,143 shares during the period. Channing Capital Management LLC boosted its holdings in Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares in the last quarter. Bamco Inc. NY acquired a new position in Cushman & Wakefield during the 4th quarter worth approximately $23,982,000. Millennium Management LLC increased its position in Cushman & Wakefield by 374.6% during the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after purchasing an additional 1,354,476 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Cushman & Wakefield by 23.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after buying an additional 1,233,055 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

CWK stock opened at $13.01 on Friday. The firm has a 50 day moving average of $13.42 and a 200-day moving average of $14.14. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 40.65 and a beta of 1.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 12-month low of $10.74 and a 12-month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the sale, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

CWK has been the subject of several recent analyst reports. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings downgraded Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Barclays reduced their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cushman & Wakefield has an average rating of “Hold” and an average target price of $18.00.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.