Investors Purchase High Volume of Cushman & Wakefield Call Options (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 7,796 call options on the company. This is an increase of 4,231% compared to the typical volume of 180 call options.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CWK shares. Raymond James downgraded shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target for the company. in a research note on Wednesday, April 3rd. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group initiated coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.08.

Cushman & Wakefield Price Performance

CWK stock opened at $10.18 on Thursday. The business has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 254.38 and a beta of 1.33. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $11.76.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Cushman & Wakefield will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the company’s 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 transaction, the insider now owns 40,427 shares of the company’s stock, valued at $403,865.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 in the company, valued at $403,865.73. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $50,000. AXQ Capital LP acquired a new stake in Cushman & Wakefield during the 3rd quarter worth approximately $79,000. Tower Research Capital LLC TRC grew its stake in shares of Cushman & Wakefield by 352.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after purchasing an additional 5,694 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after purchasing an additional 2,737 shares during the period. Finally, Pale Fire Capital SE acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $108,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company 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.