Norges Bank buys 1,735,371 shares of Cushman & Wakefield plc (NYSE:CWK)

VaselineJune 3, 2024

0 2 minutes read

Norges Bank bought a new stake in Cushman & Wakefield plc (NYSE:CWK – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,735,371 shares of the company’s stock, valued at approximately $18,742,000. Norges Bank owned 0.76% of Cushman & Wakefield as of its most recent SEC filing.

A number of other hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Cushman & Wakefield in the 4th quarter valued at approximately $50,000. AXQ Capital LP bought a new position in Cushman & Wakefield in the third quarter valued at approximately $79,000. KG&L Capital Management LLC bought a new position in Cushman & Wakefield in the 4th quarter valued at approximately $109,000. Xponance Inc. bought a new position in Cushman & Wakefield in the 4th quarter valued at approximately $109,000. Finally, Summit Trail Advisors LLC bought a new position in Cushman & Wakefield in the 4th quarter valued at about $109,000. 95.56% of shares are held by institutional investors.

Cushman and Wakefield stocks rose 1.7%

NYSE:CWK opened at $11.11 on Monday. The company’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.03. 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 one year low of $6.24 and a one year high of $11.83. The company has a market cap of $2.54 billion, a PE ratio of 277.75 and a beta of 1.33.

Insider buying and selling

In related news, 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 transaction was disclosed in a filing with the SEC, which can be accessed via this link. 1.01% of shares are owned by corporate insiders.

Analysts on Wall Street are forecasting an increase

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

View the latest stock analysis on Cushman & Wakefield

Cushman & Wakefield 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.