Oliver Luxxe Assets LLC Invests $1.50 Million in Cushman & Wakefield plc (NYSE:CWK)

Oliver Luxxe Assets LLC acquired a new position in Cushman & Wakefield plc (NYSE:CWK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,896 shares of the company’s stock, valued at approximately $1,498,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after purchasing an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its stake in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after buying an additional 1,629 shares during the last quarter. Profund Advisors LLC bought a new position in Cushman & Wakefield in the 2nd quarter worth $105,000. nVerses Capital LLC acquired a new position in Cushman & Wakefield during the 2nd quarter worth $116,000. Finally, Brightwater Advisory LLC bought a new stake in Cushman & Wakefield during the second quarter valued at about $130,000. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.80.

Cushman & Wakefield Stock Down 0.4 %

CWK stock opened at $12.49 on Tuesday. Cushman & Wakefield plc has a twelve month low of $6.24 and a twelve month high of $13.99. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. The company has a market cap of $2.86 billion, a PE ratio of 312.13 and a beta of 1.30. The business’s 50-day simple moving average is $12.91 and its 200 day simple moving average is $11.54.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. Cushman & Wakefield’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. On average, research analysts anticipate that Cushman & Wakefield plc will post 0.87 earnings per share for the current year.

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.