AXQ Capital LP Invests $169,000 in Cushman & Wakefield plc (NYSE:CWK)

AXQ Capital LP bought a new stake in Cushman & Wakefield plc (NYSE:CWK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 12,936 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after purchasing an additional 2,691 shares during the period. Blue Trust Inc. boosted its position in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after buying an additional 928 shares during the last quarter. Ieq Capital LLC acquired a new position in Cushman & Wakefield in the 4th quarter worth approximately $135,000. Jones Financial Companies Lllp raised its position in Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after buying an additional 6,600 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Cushman & Wakefield during the 3rd quarter valued at approximately $150,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 3.5 %

Cushman & Wakefield stock opened at $10.81 on Tuesday. The business has a 50 day simple moving average of $12.35 and a 200-day simple moving average of $13.18. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The stock has a market capitalization of $2.48 billion, a PE ratio of 19.65 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CWK shares. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Citigroup dropped their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.