Nicholas Investment Partners LP Takes Position in Cushman & Wakefield PLC $CWK

Nicholas Investment Partners LP acquired a new stake in Cushman & Wakefield PLC (NYSE:CWK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 286,254 shares of the company’s stock, valued at approximately $4,634,000. Nicholas Investment Partners LP owned 0.12% of Cushman & Wakefield at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada lifted its position in Cushman & Wakefield by 39.6% in the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after purchasing an additional 27,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cushman & Wakefield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after purchasing an additional 5,929 shares during the period. United Services Automobile Association bought a new position in Cushman & Wakefield in the first quarter worth $139,000. Jane Street Group LLC lifted its position in Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after purchasing an additional 264,855 shares during the period. Finally, Focus Partners Wealth bought a new position in Cushman & Wakefield in the first quarter worth $218,000. 95.56% of the stock is owned by institutional investors.

Insider Transactions at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the firm’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 completion of the sale, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This trade represents a 25.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $13.50 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a fifty day moving average price of $13.44 and a two-hundred day moving average price of $14.38. Cushman & Wakefield PLC has a 52-week low of $10.14 and a 52-week high of $17.40. The firm has a market capitalization of $3.16 billion, a P/E ratio of 42.19 and a beta of 1.44.

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

About Cushman & Wakefield

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.