Quantinno Capital Management LP Has $2.75 Million Stock Position in Cushman & Wakefield PLC $CWK

Quantinno Capital Management LP increased its position in Cushman & Wakefield PLC (NYSE:CWK) by 176.7% in the first quarter, Holdings Channel.com reports. The firm owned 224,092 shares of the company’s stock after acquiring an additional 143,092 shares during the period. Quantinno Capital Management LP’s holdings in Cushman & Wakefield were worth $2,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at about $6,101,000. Arrowstreet Capital Limited Partnership bought a new position in Cushman & Wakefield in the first quarter valued at approximately $623,000. Sei Investments Co. boosted its stake in Cushman & Wakefield by 17.8% in the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock worth $13,951,000 after purchasing an additional 171,956 shares during the period. Cetera Investment Advisers boosted its position in shares of Cushman & Wakefield by 1.8% during the first quarter. Cetera Investment Advisers now owns 49,108 shares of the company’s stock worth $602,000 after buying an additional 876 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Cushman & Wakefield by 268.4% during the 1st quarter. First Trust Advisors LP now owns 133,517 shares of the company’s stock worth $1,637,000 after acquiring an additional 97,274 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $13.79 on Monday. Cushman & Wakefield PLC has a one year low of $11.56 and a one year high of $17.40. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 47.56 and a beta of 1.43. The stock’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $13.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The firm had revenue of $2.76 billion during the quarter. On average, equities analysts forecast that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 70,876 shares of the company’s stock, valued at $939,107. The trade was 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 available through this link. Insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

CWK has been the topic of a number of recent research reports. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.