Trexquant Investment LP Has $2.91 Million Stake in Cushman & Wakefield plc (NYSE:CWK)

Trexquant Investment LP lifted its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 300.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,658 shares of the company’s stock after buying an additional 202,296 shares during the period. Trexquant Investment LP owned about 0.12% of Cushman & Wakefield worth $2,912,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cushman & Wakefield by 2.6% in the third quarter. Vanguard Group Inc. now owns 26,579,988 shares of the company’s stock worth $202,540,000 after purchasing an additional 665,070 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Cushman & Wakefield during the 4th quarter worth about $908,000. Vaughan Nelson Investment Management L.P. purchased a new position in Cushman & Wakefield during the 4th quarter worth $8,742,000. Vestor Capital LLC purchased a new stake in Cushman & Wakefield during the fourth quarter worth about $3,097,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Cushman & Wakefield by 42.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 209,492 shares of the company’s stock worth $1,596,000 after purchasing an additional 62,624 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 3.7 %

Shares of Cushman & Wakefield stock traded up $0.39 during midday trading on Friday, reaching $10.79. 10,461,299 shares of the company’s stock traded hands, compared to its average volume of 2,806,559. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 269.75 and a beta of 1.33. Cushman & Wakefield plc has a 52 week low of $6.24 and a 52 week high of $11.83. 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 company’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $9.90.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results 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. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. Equities analysts expect that Cushman & Wakefield plc will post 0.97 earnings per share for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was 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 in the company, valued at $403,865.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction 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 sale, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. Insiders have sold 24,872,955 shares of company stock worth $263,816,063 over the last ninety days. 1.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target for the company. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.50.

Cushman & Wakefield 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.