BNP Paribas Arbitrage SA boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 63.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,320 shares of the company’s stock after buying an additional 14,830 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cushman & Wakefield were worth $625,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Cushman & Wakefield during the fourth quarter worth $45,000. Nisa Investment Advisors LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth $59,000. Teacher Retirement System of Texas acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $149,000. Bailard Inc. acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $160,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $251,000. Hedge funds and other institutional investors own 74.45% of the company’s stock.
Several equities research analysts have recently commented on the stock. Raymond James boosted their target price on shares of Cushman & Wakefield from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, May 10th. Credit Suisse Group boosted their target price on shares of Cushman & Wakefield from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 12th. Zacks Investment Research upgraded shares of Cushman & Wakefield from a “sell” rating to a “hold” rating in a research note on Thursday, May 20th. Bank of America restated an “underperform” rating and issued a $16.50 target price on shares of Cushman & Wakefield in a research note on Monday, May 24th. Finally, Morgan Stanley lifted their price target on Cushman & Wakefield from $15.25 to $18.50 and gave the company an “overweight” rating in a report on Monday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.79.
Cushman & Wakefield stock opened at $18.27 on Friday. The firm has a 50-day simple moving average of $17.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.37 and a quick ratio of 1.37. Cushman & Wakefield plc has a 12-month low of $9.83 and a 12-month high of $19.44. The company has a market capitalization of $4.07 billion, a PE ratio of -22.01, a price-to-earnings-growth ratio of 15.27 and a beta of 1.51.
Cushman & Wakefield 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.
Recommended Story: How much can an individual set aside as a catch-up contribution?
Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield plc (NYSE:CWK).
Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.