Cushman & Wakefield plc (NYSE:CWK – Get Free Report) 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 – Get Free Report) 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
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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.
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