Trexquant Investment LP buys 202,296 shares of Cushman & Wakefield plc (NYSE:CWK)

Trexquant Investment LP raised its stake in Cushman & Wakefield plc (NYSE:CWK – Free Report) by 300.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,658 shares of the company’s stock after purchasing an additional 202,296 shares during the quarter. Trexquant Investment LP owned 0.12% of Cushman & Wakefield worth $2,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at about $50,000. AXQ Capital LP bought a new position in Cushman & Wakefield during the third quarter valued at $79,000. Allspring Global Investments Holdings LLC raised its position in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after buying an additional 2,737 shares in the last quarter. KG&L Capital Management LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at $109,000. Finally, Xponance Inc. bought a new position in shares of Cushman & Wakefield in the 4th quarter worth $109,000. Hedge funds and other institutional investors own 95.56% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of equities analysts have weighed in on CWK shares. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Jefferies Financial Group started coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a report on Wednesday, April 3. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.50, according to MarketBeat.com.

Read the latest stock analysis on Cushman & Wakefield

Cushman & Wakefield trading up 3.7%

NYSE CWK traded up $0.39 during trading on Friday, hitting $10.79. 10,461,299 shares of the company traded hands, compared to its average volume of 2,806,559. The firm has a market cap of $2.47 billion, a P/E ratio of 269.75 and a beta of 1.33. The stock has a fifty day moving average of $10.19 and a two hundred day moving average of $9.90. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13, and a quick ratio of 1.13. Cushman & Wakefield plc has a 12 month low of $6.24 and a 12 month high of $11.83.

Cushman & Wakefield (NYSE:CWK – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $1.78 billion. In the same quarter last year, the company posted EPS of $0.46. Cushman & Wakefield’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Cushman & Wakefield plc will post 0.97 EPS for the current year.

Indoor activity

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the transaction, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of Cushman & Wakefield stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,872,955 shares of company stock worth $263,816,063. Corporate insiders own 1.01% of the company’s shares.

Cushman & Wakefield Company Profile

(Free report)

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 across America; Europe, Middle East and Africa; and the Asia Pacific segments.

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