Traders Purchase Large Volume of Call Options on Cushman & Wakefield (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the recipient of unusually large options trading activity on Friday. Investors purchased 5,050 call options on the company. This is an increase of 2,293% compared to the average volume of 211 call options.

Cushman & Wakefield Price Performance

NYSE CWK traded up $0.12 on Friday, reaching $12.82. 332,073 shares of the company’s stock traded hands, compared to its average volume of 2,260,240. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $13.78. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a 50-day simple moving average of $11.58 and a 200 day simple moving average of $10.71. The stock has a market cap of $2.94 billion, a PE ratio of 317.50 and a beta of 1.33.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business earned $0.22 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, research analysts predict that Cushman & Wakefield will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CWK shares. Raymond James upped their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.42.

Insider Transactions at Cushman & Wakefield

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total value of $188,078,011.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter worth approximately $50,000. CWM LLC grew its holdings in shares of Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after purchasing an additional 2,080 shares during the last quarter. Profund Advisors LLC bought a new position in shares of Cushman & Wakefield in the second quarter worth approximately $105,000. Pale Fire Capital SE bought a new position in shares of Cushman & Wakefield in the fourth quarter worth approximately $108,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter worth approximately $109,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Company Profile

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.