Investors Purchase High Volume of Cushman & Wakefield Call Options (NYSE:CWK)

Cushman & Wakefield PLC (NYSE:CWK) saw some unusual options trading on Wednesday. Stock traders bought 2,198 call options on the stock. This is an increase of 733% compared to the typical daily volume of 264 call options.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider directly owned 95,704 shares of the company’s stock, valued at $1,293,918.08. This trade represents a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds have recently bought and sold shares of CWK. EverSource Wealth Advisors LLC grew its stake in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Cushman & Wakefield in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd grew its stake in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,318 shares in the last quarter. Quarry LP grew its stake in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Covestor Ltd grew its stake in Cushman & Wakefield by 4,217.7% in the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after purchasing an additional 2,615 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Cushman & Wakefield in a research report on Friday, May 22nd. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Monday, February 9th. Barclays lowered their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Cushman & Wakefield Stock Down 3.8%

Shares of Cushman & Wakefield stock traded down $0.50 during trading hours on Wednesday, hitting $12.63. 1,392,917 shares of the company’s stock traded hands, compared to its average volume of 1,929,746. The stock has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $14.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The company has a market cap of $2.96 billion, a PE ratio of 39.49 and a beta of 1.44. Cushman & Wakefield has a twelve month low of $10.01 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Equities research analysts anticipate that Cushman & Wakefield will post 1.43 earnings per share 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.