Great Lakes Advisors LLC Buys 345,050 Shares of Cushman & Wakefield plc (NYSE:CWK)

Great Lakes Advisors LLC increased its stake in shares of Cushman & Wakefield plc (NYSE:CWKGet Rating) by 1,047.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 378,003 shares of the company’s stock after purchasing an additional 345,050 shares during the quarter. Great Lakes Advisors LLC’s holdings in Cushman & Wakefield were worth $7,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Koshinski Asset Management Inc. bought a new position in Cushman & Wakefield during the 1st quarter worth approximately $35,000. Selective Wealth Management Inc. bought a new position in Cushman & Wakefield during the 1st quarter worth approximately $41,000. First Horizon Advisors Inc. grew its position in shares of Cushman & Wakefield by 86.7% in the 4th quarter. First Horizon Advisors Inc. now owns 2,240 shares of the company’s stock worth $50,000 after buying an additional 1,040 shares during the last quarter. Advisor Group Holdings Inc. grew its position in shares of Cushman & Wakefield by 3,128.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after buying an additional 2,221 shares during the last quarter. Finally, FourThought Financial LLC grew its position in shares of Cushman & Wakefield by 112.9% in the 1st quarter. FourThought Financial LLC now owns 2,593 shares of the company’s stock worth $53,000 after buying an additional 1,375 shares during the last quarter. 82.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 15,231 shares of Cushman & Wakefield stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $17.58, for a total transaction of $267,760.98. Following the completion of the transaction, the insider now owns 22,580 shares in the company, valued at $396,956.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cushman & Wakefield news, insider Michelle Mackay purchased 3,500 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was purchased at an average price of $14.64 per share, for a total transaction of $51,240.00. Following the completion of the purchase, the insider now directly owns 50,760 shares of the company’s stock, valued at $743,126.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathaniel Robinson sold 15,231 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $17.58, for a total value of $267,760.98. Following the completion of the transaction, the insider now owns 22,580 shares of the company’s stock, valued at approximately $396,956.40. The disclosure for this sale can be found here. 1.27% of the stock is owned by company insiders.

Cushman & Wakefield Trading Down 4.4 %

NYSE CWK opened at $15.88 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.09. Cushman & Wakefield plc has a twelve month low of $13.90 and a twelve month high of $23.54. The firm has a market capitalization of $3.58 billion, a PE ratio of 10.11 and a beta of 1.40. The stock’s 50 day moving average is $15.89 and its 200 day moving average is $18.52.

Cushman & Wakefield (NYSE:CWKGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Cushman & Wakefield had a return on equity of 33.11% and a net margin of 3.52%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Research analysts forecast that Cushman & Wakefield plc will post 2.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CWK. Raymond James cut their price objective on Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 26th. Citigroup cut their price objective on Cushman & Wakefield from $23.00 to $21.00 in a research report on Thursday, April 21st. Finally, Morgan Stanley cut their price objective on Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $24.50.

Cushman & Wakefield Profile

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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.

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Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield plc (NYSE:CWKGet Rating).

Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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