Tpg Gp A, Llc Sells 17,098,001 Shares of Cushman & Wakefield plc (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK – Get Free Report) 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 transaction of $188,078,011.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Major shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

Tpg Gp A, Llc also recently made the following transactions:

• On Thursday, February 29th Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $10.79 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13, and a current ratio of 1.13. The stock has a market cap of $2.47 billion, a P/E ratio of 269.75 and a beta of 1.33. The company has a 50-day moving average price of $10.19 and a 200-day moving average price of $9.90. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $11.83.

The Wall Street analyst weighs in

A number of research firms have commented on CWK. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James downgraded shares of 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. Finally, Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cushman & Wakefield has an average rating of “Hold” and an average price target of $11.50, according to MarketBeat.com.

Check out the latest stock analysis on CWK

Hedge funds hurt Cushman and Wakefield

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in shares of Cushman & Wakefield in the 4th quarter worth about $50,000. AXQ Capital LP acquired a new position in Cushman & Wakefield in the third quarter valued at approximately $79,000. Tower Research Capital LLC TRC lifted its position in shares of Cushman & Wakefield by 352.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after buying an additional 5,694 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Cushman & Wakefield by 30.9% during the 3rd 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. of shares in the last quarter. Finally, Pale Fire Capital SE acquired a new stake in shares of Cushman & Wakefield in the 4th quarter worth $108,000. Hedge funds and other institutional investors own 95.56% of the company’s shares.

Cushman & Wakefield Company Profile

(Get a 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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